This paper develops a general model of anticommons fragmentation in property. Using several related examples, we consider the equilibria obtained under different scenarios. The various illustrations are later utilized to develop a model of fragmented property. The model reveals that the private...

The paper analyzes the welfare effects of resale price maintenance (RPM) when the level of service of one retailer generates negative rather than positive spillovers for other retailers. A simple linear demand system is used and is linked to preferences of consumers via a discrete-choice...