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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