IDEAS home Printed from https://ideas.repec.org/a/mhr/jinste/urnsici0932-4569(200212)1584_594fiptag_2.0.tx_2-r.html
   My bibliography  Save this article

Fragmentation in Property: Towards a General Model

Author

Listed:
  • Norbert Schulz
  • Francesco Parisi
  • Ben Depoorter

Abstract

This paper develops a general model of anticommons fragmentation in property. Using several related examples, we consider the equilibria obtained under different scenarios. The various illustrations are later utilized to develop a model of fragmented property. The model reveals that the private incentives of excluders do not capture the external effects of their individual decisions. Our model suggests that the results of underutilization of joint property increasemonotonically in both (a) the extent of fragmentation and (b) the forgone synergies and complementarities between the property fragments. We explore some important implications for the institutional responses to issues of property fragmentation.

Suggested Citation

  • Norbert Schulz & Francesco Parisi & Ben Depoorter, 2002. "Fragmentation in Property: Towards a General Model," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 158(4), pages 594-613, December.
    • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(200212)158:4_594:fiptag_2.0.tx_2-r
    as

    Download full text from publisher

    File URL: https://www.mohrsiebeck.com/en/artikel/fragmentation-in-property-towards-a-general-model-1016280932456022975196
    Download Restriction: Fulltext access is included for subscribers to the printed version.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Eggertsson, Thrainn, 1990. "The role of transaction costs and property rights in economic analysis," European Economic Review, Elsevier, vol. 34(2-3), pages 450-457, May.
    2. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    3. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
    4. Buchanan, James M & Yoon, Yong J, 2000. "Symmetric Tragedies: Commons and Anticommons," Journal of Law and Economics, University of Chicago Press, vol. 43(1), pages 1-13, April.
    5. Jeffrey P. Carpenter, 2000. "Negotiation in the Commons: Incorporating Field and Experimental Evidence into a Theory of Local Collective Action," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 156(4), pages 661-661, December.
    6. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    7. Schulz, Norbert, 2000. "Thoughts on the nature of vetoes when bargaining on public projects," W.E.P. - Würzburg Economic Papers 17, University of Würzburg, Department of Economics.
    8. Hart, Oliver, 1995. "Firms, Contracts, and Financial Structure," OUP Catalogue, Oxford University Press, number 9780198288817.
    9. Miceli, Thomas J., 1997. "Economics of the Law: Torts, Contracts, Property, Litigation," OUP Catalogue, Oxford University Press, number 9780195103908.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jose Antonio Filipe & Tolga Genc, 2019. "Modelling an Idle Building Case through SWOT Analysis and Fuzzy DEMATEL – A Study on Anti-Commons," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 167-185.
    2. Yi Zhang & Mengyang Wang & Tao Shi & Huan Huang & Qi Huang, 2023. "Health Damage of Air Pollution, Governance Uncertainty and Economic Growth," IJERPH, MDPI, vol. 20(4), pages 1-21, February.
    3. Barbara Luppi & Francesco Parisi, 2011. "Toward an asymmetric Coase theorem," European Journal of Law and Economics, Springer, vol. 31(1), pages 111-122, February.
    4. Mohan Vijay & Goorha Prateek, 2008. "Competition and Unitization in Oil Extraction: A Tale of Two Tragedies," Review of Law & Economics, De Gruyter, vol. 4(1), pages 519-561, December.
    5. Steven G. Medema, 2020. "The Coase Theorem at Sixty," Journal of Economic Literature, American Economic Association, vol. 58(4), pages 1045-1128, December.
    6. Parisi, Francesco & Schulz, Norbert & Klick, Jonathan, 2006. "Two dimensions of regulatory competition," International Review of Law and Economics, Elsevier, vol. 26(1), pages 56-66, March.
    7. Premrl, Tine & Udovč, Andrej & Bogataj, Nevenka & Krč, Janez, 2015. "From restitution to revival: A case of commons re-establishment and restitution in Slovenia," Forest Policy and Economics, Elsevier, vol. 59(C), pages 19-26.
    8. Ivan Major, 2014. "A Political Economy Application of the “Tragedy of the Anticommons”: The Greek Government Debt Crisis," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 20(4), pages 425-437, November.
    9. Bertacchini Enrico & De Mot Jef P.B. & Depoorter Ben, 2009. "Never Two Without Three: Commons, Anticommons and Semicommons," Review of Law & Economics, De Gruyter, vol. 5(1), pages 163-176, April.
    10. Bessen James, 2009. "Evaluating the Economic Performance of Property Systems," Review of Law & Economics, De Gruyter, vol. 5(3), pages 1037-1061, December.
    11. Parisi, Francesco & Schulz, Norbert & Depoorter, Ben, 2003. "Symmetry and asymmetry in property: Commons and anticommons," W.E.P. - Würzburg Economic Papers 46, University of Würzburg, Department of Economics.
    12. José Lamelas & José António Filipe, 2014. "An Application of the Anti-Commons Theory to an Elderly Nursing Home Project in Portugal," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 4(2), pages 746-746.
    13. Andrea Salustri, 2021. "Social and solidarity economy and social and solidarity commons: Towards the (re)discovery of an ethic of the common good?," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 92(1), pages 13-32, March.
    14. Paolo CROSETTO, 2010. "To patent or not to patent: a pilot experiment on incentives to copyright in a sequential innovation setting," Departmental Working Papers 2010-05, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    15. Agata Adamska & Tomasz J. Dabrowski, 2017. "Reputacja jako instytucja: proba konceptualizacji i problemy pomiaru / Reputation as an Institution: An Attempt to Conceptualize and Measure Issues," Annales. Ethics in Economic Life, University of Lodz, Faculty of Economics and Sociology, vol. 20(2), pages 77-88, February.
    16. Vinit Mukhija, 2005. "Collective Action and Property Rights: A Planner's Critical Look at the Dogma of Private Property," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 29(4), pages 972-983, December.
    17. Francesco Parisi & Norbert Schulz & Ben Depoorter, 2004. "Simultaneous and Sequential Anticommons," European Journal of Law and Economics, Springer, vol. 17(2), pages 175-190, March.
    18. José António Filipe & Manuel Alberto M. Ferreira & Manuel Coelho, 2007. "The Tragedy of the Anti-Commons: A New Problem. An Application to the Fisheries," Working Papers Department of Economics 2007/16, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    19. Parisi Francesco, 2020. "Law and Economics as We Grow Younger," Review of Law & Economics, De Gruyter, vol. 16(1), pages 1-20, March.
    20. Parente, Michael D. & Winn, Abel M., 2012. "Bargaining behavior and the tragedy of the anticommons," Journal of Economic Behavior & Organization, Elsevier, vol. 84(2), pages 475-490.
    21. Bertin Martens & Alexandre de Streel & Inge Graef & Thomas Tombal & Nestor Duch-Brown, 2020. "Business-to-Business data sharing: An economic and legal analysis," JRC Working Papers on Digital Economy 2020-05, Joint Research Centre.
    22. Giuseppe Bellantuono, 2014. "The regulatory anticommons of green infrastructures," European Journal of Law and Economics, Springer, vol. 37(2), pages 325-354, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Parisi, Francesco & Schulz, Norbert & Depoorter, Ben, 2003. "Symmetry and asymmetry in property: Commons and anticommons," W.E.P. - Würzburg Economic Papers 46, University of Würzburg, Department of Economics.
    2. Parisi, Francesco & Schulz, Norbert & Depoorter, Ben, 2005. "Duality in Property: Commons and Anticommons," International Review of Law and Economics, Elsevier, vol. 25(4), pages 578-591, December.
    3. Jongwook Kim & Joseph T. Mahoney, 2002. "Resource-based and property rights perspectives on value creation: the case of oil field unitization," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 23(4-5), pages 225-245.
    4. Francesco Parisi & Norbert Schulz & Ben Depoorter, 2004. "Simultaneous and Sequential Anticommons," European Journal of Law and Economics, Springer, vol. 17(2), pages 175-190, March.
    5. Brown Matthew & Cardiff-Hicks Brianna, 2018. "The Tragedy of the Uncommons," Review of Law & Economics, De Gruyter, vol. 14(2), pages 1-22, July.
    6. Theodore C. Bergstrom, 2010. "The Uncommon Insight of Elinor Ostrom," Scandinavian Journal of Economics, Wiley Blackwell, vol. 112(2), pages 245-261, June.
    7. Bhattacharya, Haimanti & Lueck, Dean, 2009. "The role of property rights in determining the environmental quality-income relationship," Ecological Economics, Elsevier, vol. 68(10), pages 2511-2524, August.
    8. José Lamelas & José António Filipe, 2014. "An Application of the Anti-Commons Theory to an Elderly Nursing Home Project in Portugal," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 4(2), pages 746-746.
    9. Horan, R.D. & Bulte, E.H., 2004. "Optimal and open access harvesting and multi-use species in a second best world," Other publications TiSEM 95000e50-7225-4f4d-aeaf-a, Tilburg University, School of Economics and Management.
    10. Thomas Ash & Antonio M. Bento & Daniel Kaffine & Akhil Rao & Ana I. Bento, 2022. "Disease-economy trade-offs under alternative epidemic control strategies," Nature Communications, Nature, vol. 13(1), pages 1-14, December.
    11. N/A, 1974. "Review Section : BRUCE ACKERMAN and SUSAN ROSE-ACKERMAN, DALE W. HENDERSON, and JAMES W. SAWYER, JR. (1974) The Uncertain Search for Environmental Quality. New York: The Free Press. BARRY COMMONER (19," Journal of Conflict Resolution, Peace Science Society (International), vol. 18(3), pages 536-552, September.
    12. Bruno Drouot, 2012. "Les facteurs explicatifs de la dépendance économique des patrons pêcheurs à une ressource naturelle : le cas de la pêcherie de bar commun en France," Post-Print hal-01870830, HAL.
    13. Gardner Brown, 2000. "Renewable Natural Resource Management and Use Without Markets," Working Papers 0025, University of Washington, Department of Economics.
    14. Ruda Zhang & Roger Ghanem, 2020. "Multi-market Oligopoly of Equal Capacity," Papers 2012.06742, arXiv.org.
    15. Bessen James, 2009. "Evaluating the Economic Performance of Property Systems," Review of Law & Economics, De Gruyter, vol. 5(3), pages 1037-1061, December.
    16. Bellanger, Manuel & Fonner, Robert & Holland, Daniel S. & Libecap, Gary D. & Lipton, Douglas W. & Scemama, Pierre & Speir, Cameron & Thébaud, Olivier, 2021. "Cross-sectoral externalities related to natural resources and ecosystem services," Ecological Economics, Elsevier, vol. 184(C).
    17. Bruno Tinel, 2004. "Que reste-t-il de la contribution d'Alchian et Demsetz à la théorie de l'entreprise ?," Post-Print halshs-00270895, HAL.
    18. José António Filipe & Manuel Alberto M. Ferreira & Manuel Coelho & Maria Isabel Pedro, 2012. "Cooperation on Stocks Recover," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 2(1), pages 1-74.
    19. Darcy W E Allen, 2020. "When Entrepreneurs Meet:The Collective Governance of New Ideas," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number q0269, August.
    20. Yanlong Zhang, 2021. "The Demsetz’s Evolutionary Theory of Property Rights as Applied to Rural Land of China: A Supplement," Land, MDPI, vol. 10(9), pages 1-15, August.

    More about this item

    JEL classification:

    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • K19 - Law and Economics - - Basic Areas of Law - - - Other
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mhr:jinste:urn:sici:0932-4569(200212)158:4_594:fiptag_2.0.tx_2-r. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Wolpert (email available below). General contact details of provider: https://www.mohrsiebeck.com/jite .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.