Duality in Property: Commons and Anticommons

Francesco Parisi, Norbert Schulz, Ben Depoorter

Research output: Contribution to journalArticlepeer-review

60 Scopus citations

Abstract

Commons and anticommons problems are the consequence of symmetric structural departures from a unified conception of property. In this paper, we 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.

Original languageEnglish (US)
Pages (from-to)578-591
Number of pages14
JournalInternational Review of Law and Economics
Volume25
Issue number4
DOIs
StatePublished - Jul 2006

Keywords

  • Anticommons
  • Commons
  • Duality
  • Property

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