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Symmetry and asymmetry in property: Commons and anticommons

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  • Parisi, Francesco
  • Schulz, Norbert
  • Depoorter, Ben

Abstract

Commons and Anticommons problems are the consequence of symmetric structural departures from a unified conception of property. In this paper, we endeavor to provide a dual model of property, where commons and anticommons problems are the consequence of a lack of conformity between use and exclusion rights. While Commons and Anticommons problems are symmetric in this sense, they are associated with asymmetric transaction costs. The paper formulates a hypothesis of legal rules for promoting unity in property and suggests a list of possible areas of application.

Suggested Citation

  • Parisi, Francesco & Schulz, Norbert & Depoorter, Ben, 2003. "Symmetry and asymmetry in property: Commons and anticommons," W.E.P. - Würzburg Economic Papers 46, University of Würzburg, Department of Economics.
    • Handle: RePEc:zbw:wuewep:46
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    References listed on IDEAS

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