MichaelBishop comments on The Tragedy of the Anticommons - Less Wrong

37 Post author: Kaj_Sotala 15 March 2009 05:32PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (47)

You are viewing a single comment's thread. Show more comments above.

Comment author: JulianMorrison 16 March 2009 01:17:13AM 12 points [-]

Eminent domain is a dirty, dirty hack. "We can't figure out how to make property work, sod it, lets turn off property and just take it at gunpoint".

There is a much cleaner solution that works without breaking property: buying options. You want to build a road, but you don't want to he held hostage. So you play a game rather like connect-4 by buying (for trivial sums) contractual obligations to sell to you at a fixed price within some sensible time limit. Once you have any workable unbroken line of optioned land between A and B, you exercise the options and buy it. All a hold-out does is cut himself out of the deal, since you can route around him.

Comment author: MichaelBishop 16 March 2009 05:22:32PM 3 points [-]

This sounds like a great idea for many cases, but don't you think that the transactions costs will sometimes be a barrier?