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Anticommons: a very brief introduction with selected applications

Karol Bolko Zdybel

Chapter 10 in Mengerian Economics, 2023, pp 168-181 from Edward Elgar Publishing

Abstract: Anticommons have been arousing the interest of researchers working in the field of law and economics for over 20 years. This article outlines the fundamental concept of anticommons in a non-technical way. First, it characterizes the anticommons by comparing them with the better-known problem of the commons, and then proceeds to present a simple graphical model of said phenomenon. Finally, four selected groups of applications of the theory are briefly discussed: property, patents, antitrust, and bureaucracy. The paper also suggests that a simple conceptual grid constituting the building blocks of the discussed theory can be found already in Carl Menger’s pathbreaking work written a century and a half ago.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2023
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