This link has been bookmarked by 46 people . It was first bookmarked on 11 Aug 2008, by Jonathan Bailey.
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23 Sep 09
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07 Jun 09
Nick GallThe situation that grounded the U.S. aircraft industry is an example of what the Columbia law professor Michael Heller, in his new book, “The Gridlock Economy,” calls the “anticommons.” We hear a lot about the “tragedy of the commons”: if a valuable asset
via_delicious_20101217 ip intellectualproperty law innovation commons anticommons pinboardimport20141106
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31 Dec 08
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07 Nov 08
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It created a “patent pool,” putting all the aircraft patents under the control of a new association and letting manufacturers license them for a fee.
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“The Gridlock Economy,” calls the “anticommons.” We hear a lot about the “tragedy of the commons”: if a valuable asset (a grazing field, say) is held in common, each individual will try to exploit as much of it as possible. Villagers will send all their cows out to graze at the same time, and soon the field will be useless. When there’s no ownership, the pursuit of individual self-interest can make everyone worse off. But Heller shows that having too much ownership creates its own problems. If too many people own individual parts of a valuable asset, it’s easy to end up with gridlock, since any one person can simply veto the use of the asset.
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The commons leads to overuse and destruction; the anticommons leads to underuse and waste.
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But the effects of underuse created by too much ownership are often invisible.
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Or take a problem that bedevils the oil-and-gas industry. When different companies own adjacent patches of an oil field, each will be tempted not only to drill its own patch but also to try to suck out the resources of its neighbor’s patch. For geological reasons, overdrilling actually reduces the total amount of oil you can get out of the field—all sides end up worse off.
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27 Oct 08
Lynne BIn the second decade of the twentieth century, it was almost impossible to build an airplane in the United States. That was the result of a chaotic legal battle among the dozens of companies—including one owned by Orville Wright—that held patents on the v
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08 Sep 08
andreea nastase"If a valuable asset (a grazing field, say) is held in common, each individual will try to exploit as much of it as possible. Villagers will send all their cows out to graze at the same time, and soon the field will be useless. When there’s no ownership,
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28 Aug 08
Antoine BertierInteresting article on the tragedy of the anti-commons. Must read Michael Heller book "the Gridlock Economy"
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22 Aug 08
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13 Aug 08
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Michel BauwensGood articles by James Surowiecki on the commons and permissions.
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12 Aug 08
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Christopher RiceJames Surowieki reviews "The Gridlock Economy" that talks about the difficulties of the Anti-Commons, when too much private too little public ownerships creates a diseased and declining economy and society.
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11 Aug 08
Alec CourosGood articles by James Surowiecki on the commons and permissions.
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Jonathan Key"In the second decade of the twentieth century, it was almost impossible to build an airplane in the United States." James Surowiecki reviews Gridlock Economy.
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Rhea Myers"Had Congress not stepped in, we might still be flying around in blimps."
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10 Aug 08
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webmink"When something you own is necessary to the success of a venture, even if its contribution is small, you’ll tend to ask for an amount close to the full value of the venture. And since everyone in your position also thinks he deserves a huge sum, the ventu
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