Police-powers , regulatory takings and the efficient compensation of domestic and foreign investors ∗

  • Emma Aisbett, Larry Karp, Carol McAusland
  • Published 2009
Modern international investment agreements have challenged the customary exclusion of public good regulations from being considered government ‘takings’ subject to compensation rules. Full compensation for regulatory takings can, however, lead to over-investment and excessive entry in risky industries. An alternative is to ‘carve-out’ apparently efficient… CONTINUE READING