EconPapers    
Economics at your fingertips  
 

Housing privatization in Romania: An Anti†commons tragedy?

Robert Buckley () and Ashna Mathema

The Economics of Transition, 2018, vol. 26, issue 1, 127-145

Abstract: Over the past three decades, Romanian housing rights changed from a strictly managed public stock to one governed by individual decision†making. And while it is typical that widespread private ownership provides a basis for a well†functioning housing market, in Romania this has not been the case. Indeed, rather than creating a market that spontaneously allocates resources efficiently, housing privatization in Romania has created exclusion rights, thus creating an Anti†commons problem. This problem can have effects similar to those of the tragedy of the Commons in which those who share a common good overuse it. In the Anti†commons, in contrast, if too many owners have the right to exclude others from use of a resource, the resource is underused. In both cases, the rights allocation wastes resources.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/ecot.12140

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:etrans:v:26:y:2018:i:1:p:127-145

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0967-0750

Access Statistics for this article

The Economics of Transition is currently edited by Philippe Aghion and Wendy Carlin

More articles in The Economics of Transition from The European Bank for Reconstruction and Development Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2019-04-19
Handle: RePEc:bla:etrans:v:26:y:2018:i:1:p:127-145