Commons, Anticommons, Semicommons
Lee Anne Fennell
University of Chicago - Law School
February 8, 2010
RESEARCH HANDBOOK ON THE ECONOMICS OF PROPERTY LAW, Kenneth Ayotte, Henry E. Smith, eds., Edward Elgar, 2011
This handbook chapter offers a brief introduction to the commons, anticommons, and semicommons models and shows how the three fit together in a unified theoretical framework. I suggest that each of these templates is best understood as a lens for apprehending a single core, challenging fact about resource systems -- their need to accommodate multiple uses that are most efficiently pursued at different scales, whether simultaneously or over time.
Number of Pages in PDF File: 24
Keywords: commons, anticommons, semicommons, prisoner's dilemma, chicken game, holdouts, scale
Date posted: February 25, 2009 ; Last revised: April 8, 2011
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