socialmedian: The economic rationale for ‘collaborative goods’: complementing Ostrom

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The economic rationale for ‘collaborative goods’: complementing Ostrom

Submitted by Jgmize from Google Reader

Oct 23, 2009

Summary

Mark Cooper could easily have been the third leg of the stool of the recent Nobel Prize for economics, which rewarded research into the economic rationale of non-market modes.

Thanks to Jaap van Till for reminding us of a commentary on a landmark essay on the rationale for choosing collaborative goods. The commentary by Harold Feld stresses the key explanation of different types of goods.

Essay: Journal on Law and High Technology (2006) - The Political Economy of Collaborative Production in the Digital Information Age. By Mark Cooper.

Harold Feld:

“Open source software and open spectrum have created multibillion dollar industries, so it will probably come as a surprise to folks that it shouldn’t work. Why? Because under the current dominant analysis in econmic theory, the open source and open spectrum models should eventually collapse under their own success. When the community is small, goes current thinking, collaborative models can work well. But as the potential value of the product grows, as the number of participants makes it harder for the commnity to self

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