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A Note on Anticommons on Aquaculture Projects Approval

Author

Listed:
  • José António Filipe
  • Manuel Coelho
  • Manuel Alberto M. Ferreira

Abstract

A set of texts on the theory of anti-commons have been published in the last decades concerning the study of property rights. When “anti-commons” emerge resources are prone to be underused because there are too many rights of exclusion. This may be seen in many areas, either social or economic. In Portugal, the processes of aquaculture projects approval depend on too many people (and institutions) decisions. This dependence in the approval process of too many people leads to the sub-utilization of the resources that promoters aim to exploit, because the time used for its approval becomes too long and the project implementation would be too late.

Suggested Citation

  • José António Filipe & Manuel Coelho & Manuel Alberto M. Ferreira, 2013. "A Note on Anticommons on Aquaculture Projects Approval," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 3(2), pages 520-520.
  • Handle: RePEc:ers:ijfirm:v:3:y:2013:i:2:p:520
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    References listed on IDEAS

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    1. Buchanan, James M & Yoon, Yong J, 2000. "Symmetric Tragedies: Commons and Anticommons," Journal of Law and Economics, University of Chicago Press, vol. 43(1), pages 1-13, April.
    2. Parisi, Francesco & Schulz, Norbert & Depoorter, Ben, 2005. "Duality in Property: Commons and Anticommons," International Review of Law and Economics, Elsevier, vol. 25(4), pages 578-591, December.
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