Buchanan on increasing returns and anticommons

Yong J. Yoon ()
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Yong J. Yoon: George Mason University

Constitutional Political Economy, 2017, vol. 28, issue 3, No 4, 270-285

Abstract: Abstract This article discusses Buchanan’s work on increasing returns and anticommons. The two topics have externality as a common element. And size matters in both cases. Increasing returns is a case of positive externalities, the anti-commons is a case of negative externalities. Buchanan demonstrated that a work ethic generates economy-wide benefits in a setting of generalized increasing returns. In contrast, unanimity (in anticommons) can make it more difficult to address other externality problems in analyzing work ethic and moral community. This article provides an overview of both these areas of research.

Keywords: Increasing returns; Work ethic; Moral community; Anticommons; Patents; D23; D7; H41; K11; O34 (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/s10602-017-9236-z

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