10 lines
602 B
Markdown
10 lines
602 B
Markdown
The *'Tragedy of the Anticommons **or** The Tragedy of Private
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Property*' is a type of [coordination
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breakdown](Coordination_Breakdown "wikilink"), in which a single
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resource has numerous [private owners](Private_Property "wikilink") who
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prevent others from using it, frustrating what would be a [socially
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desirable outcome](Pareto_Optimality "wikilink"). It is a mirror-image
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of the older concept of [tragedy of the
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commons](Tragedy_of_the_Commons "wikilink"), in which [commons-based
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arrangement](Commons "wikilink") leads to resource depletion as no one
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person feels responsible for its maintenance. |