Anticommons Tragedy: The Economic Paralysis of Extreme Resource Ownership

We are all familiar with the Tragedy of the Commons, where shared resources are destroyed through overuse. But what happens when we create the exact opposite environment? What occurs when a resource has so many owners, all possessing the power to say no, that nothing gets used at all?The Tragedy of the Anticommons is a devastating economic principle explaining the invisible gridlock throttling mod...