On the Complexity of the Tragedy of Anti-commons Caused by Government Regulation
Jie Gao
Abstract
Jie Gao
Abstract
The tragedy of anti-commons caused by government regulation is more complex than the tragedy of commons for three reasons.First,the tragedy of anti-commons may be invisible,therefore,hard to detect.Second,the existence of corruption makes such tragedy difficult to tackle.And thirdly,government regulation may lead to both underuse and overuse of resources,under this circumstance,it may be more appropriate to lower transaction cost than to delineate property rights.Due to the complexity of the tragedy of anti-commons,the best way to avoid the tragedy is not to create it.
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The tragedy of anti-commons caused by government regulation is more complex than the tragedy of commons for three reasons.First,the tragedy of anti-commons may be invisible,therefore,hard to detect.Second,the existence of corruption makes such tragedy difficult to tackle.And thirdly,government regulation may lead to both underuse and overuse of resources,under this circumstance,it may be more appropriate to lower transaction cost than to delineate property rights.Due to the complexity of the tragedy of anti-commons,the best way to avoid the tragedy is not to create it.
Key concepts: Tragedy of the commons, Tragedy (event), Commons, Transaction cost, Government (linguistics), Law and economics, Database transaction, Language change