Land Library
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The increasing scarcity of water in California and the rising cost of compliance with environmental regulations are motivating some farmers in the San Joaquin Valley to sell their land and water, and discontinue production of irrigated crops.
This paper is a review of the Land Use Act of 1978 with a view to examining the implications of the Act for security of tenure and environmental conservation.
NAFTA's investment treaty has led to several expropriation compensation claims from investors hurt by new environmental regulations. Expropriation clauses in international treaties solve post-investment moral hazard problems such as hold-ups.
Land-use conflicts reveal the contemporary evolution of rural areas, and specifically the rise of the rural living environment and its confrontation with the other functions of the countryside (productive, recreational and natural protection).