Economic Analysis of Social Issues 1st Edition by Alan Grant

Exercise 23

[Related to Application 11.2 on page 223] John and Carmen are neighbors. Carmen would like to acquire John's property, knock both houses down, and then build a larger home for herself. Unfortunately, John has refused all of her offers. If Carmen's dream house would have a higher market value than her current house and John's house added together, is it appropriate for her to ask her city council to take John's house and resell it to Carmen at fair market value?