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Symmetric Tragedies: Commons and Anticommons
2000
The Journal of law & economics
An anticommons problem arises when there exist multiple rights to exclude. In a lengthy law review paper, Michael A. Heller has examined "The Tragedy of the Anticommons," especially in regard to disappointing experiences with efforts to shift from socialist to market institutions in Russia. In an early footnote, Heller suggests that a formal economic model of the anticommons has not been developed. This paper responds to Heller's challenge. We analyze the anticommons problem in which resources
doi:10.1086/467445
fatcat:ifnbxwlbifhm3k2i64ss7svyzi