I suggest that we are seeing is the broad and deep
emergence of a new, third mode of production in the digitally networked
environment. I call this mode "commons-based peer-production," to
distinguish it from the property- and contract-based models of firms
and markets. Its central characteristic is that groups of individuals
successfully collaborate on large-scale projects following a diverse
cluster of motivational drives and social signals, rather than either
market prices or managerial commands.
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