Symmetry and asymmetry in property: Commons and anticommons

Francesco Parisi, Norbert Schulz and Ben Depoorter

No 46, W.E.P. - Würzburg Economic Papers from University of Würzburg, Department of Economics

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.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:wuewep:46

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