A Note on “Anticommons†on Aquaculture Projects Approval

Abstract

A set of texts on the theory of anti-commonshave been published in the last decades concerning thestudy of property rights. When “anti-commons” emergeresources are prone to be underused because there aretoo many rights of exclusion. This may be seen in manyareas, either social or economic. In Portugal, theprocesses of aquaculture projects approval depend ontoo many people (and institutions) decisions. Thisdependence in the approval process of too many peopleleads to the sub-utilization of the resources thatpromoters aim to exploit, because the time used for itsapproval becomes too long and the projectimplementation would be too late.