RESEARCH HANDBOOK ON THE ECONOMICS OF PROPERTY LAW, Kenneth Ayotte, Henry E. Smith, eds., Edward Elgar, 2011
24 Pages Posted: 25 Feb 2009 Last revised: 8 Apr 2011
Date Written: February 8, 2010
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
Suggested Citation: Suggested Citation
Fennell, Lee Anne, Commons, Anticommons, Semicommons (February 8, 2010). RESEARCH HANDBOOK ON THE ECONOMICS OF PROPERTY LAW, Kenneth Ayotte, Henry E. Smith, eds., Edward Elgar, 2011. Available at SSRN: https://ssrn.com/abstract=1348267