Regulatory takings

du Plessis S.A. ; du Plessis S.W.F. (2005)


Regulatory takings have become an increasingly important legal and economic issue in the USA and elsewhere, resulting in large claims for compensation. The purpose of this paper is twofold: firstly, to stimulate the interest of economists in this topic, and secondly, to act as an early warning of an issue that is likely to rise in importance as the South African government pursues microeconomic reform and other regulatory interventions in the economy. The reality of the concern is demonstrated with a recent example from the scrap metal industry. © 2005 Economic Society of South Africa.

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