Commons, Anticommons, Semicommons
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
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