New Palgrave Dictionary of Economics and the Law
23 Pages Posted: 29 May 1998
This paper, forthcoming in the New Palgrave Dictionary of Economics and the Law, describes the phenomena of common property and the incentive issues it raises. Various solutions to potential rent dissipation are outlined as are the bargaining problems associated with designing and implementing each arrangement. Both legal and economic issues are included.
JEL Classification: D23
Suggested Citation: Suggested Citation