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Duality 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. The general model is then extended to consider the different equilibria obtained under vertical and horizontal cases of property fragmentation. The paper concludes with a hypothesis of legal rules for promoting unity in property and suggests a list of possible areas of application.
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Suggested Citation

  • 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.
  • Handle: RePEc:eee:irlaec:v:25:y:2005:i:4:p:578-591
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    References listed on IDEAS

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    1. Schulz, Norbert, 2000. "Thoughts on the nature of vetoes when bargaining on public projects," W.E.P. - Würzburg Economic Papers 17, University of Würzburg, Chair for Monetary Policy and International Economics.
    2. Morgenstern, Oskar, 1972. "Thirteen Critical Points in Contemporary Economic Theory: An Interpretation," Journal of Economic Literature, American Economic Association, pages 1163-1189.
    3. Eggertsson,Thrainn, 1990. "Economic Behavior and Institutions," Cambridge Books, Cambridge University Press, number 9780521348911, December.
    4. Miceli, Thomas J., 1997. "Economics of the Law: Torts, Contracts, Property, Litigation," OUP Catalogue, Oxford University Press, number 9780195103908.
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    Cited by:

    1. repec:eee:touman:v:37:y:2013:i:c:p:86-98 is not listed on IDEAS
    2. Fuentes-Castro, Daniel, 2009. "Inefficiency and common property regimes," Ecological Economics, Elsevier, vol. 68(6), pages 1740-1748, April.
    3. repec:kap:jeczfn:v:122:y:2017:i:1:d:10.1007_s00712-017-0534-8 is not listed on IDEAS
    4. Driouchi, Ahmed, 2015. "Creation of Enterprises & Knowledge Economy in the Arab Countries," MPRA Paper 67366, University Library of Munich, Germany.
    5. Vanneste, Sven & Van Hiel, Alain & Parisi, Francesco & Depoorter, Ben, 2006. "From "tragedy" to "disaster": Welfare effects of commons and anticommons dilemmas," International Review of Law and Economics, Elsevier, vol. 26(1), pages 104-122, March.
    6. Matteo Alvisi & Emanuela Carbonara & Francesco Parisi, 2011. "Separating complements: the effects of competition and quality leadership," Journal of Economics, Springer, pages 107-131.
    7. Ivan Major, 2014. "A Political Economy Application of the “Tragedy of the Anticommons”: The Greek Government Debt Crisis," International Advances in Economic Research, Springer;International Atlantic Economic Society, pages 425-437.
    8. repec:kap:iaecre:v:20:y:2014:i:4:p:425-437 is not listed on IDEAS
    9. Driouchi, Ahmed, 2015. "Hofstede Index and Knowledge Economy Imperfections in Arab Countries," MPRA Paper 67365, University Library of Munich, Germany.

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