Bertacchini, Enrico; Mot, Jef De; Depoorter, Ben - In: Review of Law & Economics 5 (2009) 1, pp. 8-8
A semicommons regime exists when the efficient use of a resource requires the co-existence of both common and private … uses. In a seminal article, Henry Smith examined the system of semicommons property in regard to medieval open fields. In … growing. This paper provides the first formal model of semicommons property regimes. Our model demonstrates (1) how the costs …
