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The Gridlock Economy

How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives
in: Economics
Summary:

The book examines the paradox where excessive ownership rights lead to underuse of resources, stifling innovation and economic growth. It explores how fragmented property rights create a "tragedy of the anticommons" where the inability to aggregate these rights prevents valuable assets from being efficiently utilized.

Key points:

1. Anticommons Tragedy: When many owners control one resource, nothing gets done due to needing everyone's agreement, leading to wasted resources.

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