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Commons, Anticommons, Semicommons
Lee Anne Fennell University of Chicago Law School RESEARCH HANDBOOK ON THE ECONOMICS OF PROPERTY LAW, Kenneth Ayotte, Henry E. Smith, eds., Edward Elgar, 2009 U of Chicago Law & Economics, Olin Working Paper No. 457 U of Chicago, Public Law Working Paper No. 261 Abstract: 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.
Keywords: commons, anticommons, semicommons, prisoner's dilemma, chicken game, holdouts, scale Accepted Paper SeriesDate posted: February 25, 2009 ; Last revised: September 15, 2009Suggested CitationContact Information
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