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The '''Tragedy of the Anticommons '''or''' The Tragedy of Private Property''' is a type of [[Coordination Breakdown|coordination breakdown]], in which a single resource has numerous [[Private Property|private owners]] who prevent others from using it, frustrating what would be a [[Pareto Optimality|socially desirable outcome]]. It is a mirror-image of the older concept of [[Tragedy of the Commons|tragedy of the commons]], in which [[Commons|commons-based arrangement]] leads to resource depletion as no one person feels responsible for its maintenance. | The '''Tragedy of the Anticommons '''or''' The Tragedy of Private Property''' is a type of [[Coordination Breakdown|coordination breakdown]], in which a single resource has numerous [[Private Property|private owners]] who prevent others from using it, frustrating what would be a [[Pareto Optimality|socially desirable outcome]]. It is a mirror-image of the older concept of [[Tragedy of the Commons|tragedy of the commons]], in which [[Commons|commons-based arrangement]] leads to resource depletion as no one person feels responsible for its maintenance. | ||
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[[Category:Concepts]] | [[Category:Concepts]] | ||
Latest revision as of 17:44, 3 April 2024
The Tragedy of the Anticommons or The Tragedy of Private Property is a type of coordination breakdown, in which a single resource has numerous private owners who prevent others from using it, frustrating what would be a socially desirable outcome. It is a mirror-image of the older concept of tragedy of the commons, in which commons-based arrangement leads to resource depletion as no one person feels responsible for its maintenance.