The Tragedy of Adnicommons: Property in the Transition from Marx to Markets1997 |
Common terms and phrases
anticommons form anticommons owners anticommons rights assets bundle of rights bundlers commercial real estate commons property communal apartments contingent value continued contracts control rights conversion cooperative core bundle corruption create anticommons property defined Demsetz developed discussing DUKEMINIER & KRIER ECON economic economic rents efficient Ellickson enterprise privatization entrepreneurs example federal FELDBRUGGE formal game theory hereinafter holdouts HOUSING REFORM individual initial endowment Irving kiosks komulka owners land lease mafia market economies market legal systems Michelman Moscow storefront multiple owners Nash equilibrium object option value overcome the tragedy ownership payoff players prisoner's dilemma private property private property regime privileges of inclusion problem property in transition property rights property theory Quaker Oats Rapaczynski rent-seeking rents RESTRUCTURING retail right to exclude rights of exclusion RUSSIA HOUSING scarce resource Shleifer socialist law socialist property Soviet space spatial anticommons storefront anticommons Storeowner supra note tenants theorists transaction costs World Bank