The dilemma in this land-acquiring case is simple. The govt want to compensate the ppl at today's prices, which are relatively low today. But if the factory is set-up, it will naturally increase the land rates in that area. So for the farmer who has given up the land, its a prisoner's dilemma.
If he doesnt surrender but other surrender, then the factory comes up and he can sell at higher rates. However, if every farmer thinks like him and doesnt give, then the factory wont come up and the rates wont go up.
