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 of Property Valuation and Investment – Emerald Publishing
Published: Mar 1, 1995
Keywords: Compensation; Purchasing techniques