Commons-based peer production - Wikipedia, the free encyclopedia - 0 views
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Commons-based peer production is a term coined by Harvard Law School professor Yochai Benkler.[1] It describes a new model of socio-economic production in which the creative energy of large numbers of people is coordinated (usually with the aid of the Internet) into large, meaningful projects mostly without traditional hierarchical organization.
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Yochai Benkler contrasts commons-based peer production with firm production (in which tasks are delegated based on a central decision-making process) and market-based production (in which tagging different prices to different tasks serves as an incentive to anyone interested in performing a task).
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The term was first introduced and described in Yochai Benkler's seminal paper "Coase's Penguin, or Linux and the Nature of the Firm".[2] Yochai Benkler's 2006 book, The Wealth of Networks, expands significantly on these ideas.
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