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Compensation for the compulsory acquisition of business interests Satisfaction or sacrifice

Compensation for the compulsory acquisition of business interests Satisfaction or sacrifice Examines the purpose of compensation for compulsory acquisition using the distinction drawn by Denyer‐Green between pretium and compensatio . Reports on the findings of a study by the authors of compensation settlements for business loss following a city centre redevelopment. Finds that the majority of the claimants in the study were dissatisfied with their settlement and all were dissatisfied with the process leading to the settlement. Concludes that the settlements tend towards compensatio rather than pretium . Suggests that a number of changes to the compensation arrangement should be considered to alleviate hardship for claimants. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Property Valuation and Investment Emerald Publishing

Compensation for the compulsory acquisition of business interests Satisfaction or sacrifice

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Publisher
Emerald Publishing
Copyright
Copyright © 1995 MCB UP Ltd. All rights reserved.
ISSN
0960-2712
DOI
10.1108/14635789510077287
Publisher site
See Article on Publisher Site

Abstract

Examines the purpose of compensation for compulsory acquisition using the distinction drawn by Denyer‐Green between pretium and compensatio . Reports on the findings of a study by the authors of compensation settlements for business loss following a city centre redevelopment. Finds that the majority of the claimants in the study were dissatisfied with their settlement and all were dissatisfied with the process leading to the settlement. Concludes that the settlements tend towards compensatio rather than pretium . Suggests that a number of changes to the compensation arrangement should be considered to alleviate hardship for claimants.

Journal

Journal of Property Valuation and InvestmentEmerald Publishing

Published: Mar 1, 1995

Keywords: Compensation; Purchasing techniques

References