idealab's Bill Gross Launches TweetUp, aMarketplace for Tweets - 0 views
Free rider problem - 0 views
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In economics, collective bargaining, psychology, and political science, "free riders" are those who consume more than their fair share of a public resource, or shoulder less than a fair share of the costs of its production. Free riding is usually considered to be an economic "problem" only when it leads to the non-production or under-production of a public good (and thus to Pareto inefficiency), or when it leads to the excessive use of a common property resource. The free rider problem is the question of how to limit free riding (or its negative effects) in these situations. The name "free rider" comes from a common textbook example: someone using public transportation without paying the fare. If too many people do this, the system will not have enough money to operate. In the context of labor unions, free rider means an employee who pays no union dues or agency shop fees, but nonetheless receives the same benefits of union representation as dues-payers. Under U.S. law, unions owe a duty of fair representation to all workers that they represent, regardless of whether they pay dues. Free riding has been a point of legal and political contention for decades.[1] Free riding is also a term used by brokerages when a client purchases shares beyond his or her means. Free riders are those who purchase shares and then do not pay for them.
Zero Sum Game - 0 views
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In game theory and economic theory, zero-sum describes a situation in which a participant's gain or loss is exactly balanced by the losses or gains of the other participant(s). If the total gains of the participants are added up, and the total losses are subtracted, they will sum to zero. Zero-sum can be thought of more generally as constant sum where the benefits and losses to all players sum to the same value of money (or utility). Cutting a cake is zero- or constant-sum, because taking a larger piece reduces the amount of cake available for others. In contrast, non-zero-sum describes a situation in which the interacting parties' aggregate gains and losses is either less than or more than zero. Zero-sum games are also called strictly competitive.
Money is not value, it is the symbol of value - 0 views
Ok, everything starts and ends with money at this point. But you can't eat it, can't sleep inside it, and by itself it can't get you from place to place. So, where does it fit in a scheme of common...
YouTube Will Start Charging for Some Videos - 0 views
Boxee Plans a Payment Platform for Premium Internet TV - 0 views
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The details are still being worked out, but Boxee will charge a small fee for the transactions (the plan is to charge less than the 30% that many other app stores and content ecosystems charge). By doing this, Boxee is, in their words, “[tying] our success as a business to the success of our partners.”Having micro-payments built into Boxee has huge implications for the platform as a whole. Right now, the only downside of a system like Boxee is that although more and more partners are signing up to offer content through the service or offer an enhanced experience, when it comes to getting movies or TV shows that are accessible through platforms like iTunes or VUDU or CinemaNow, users are out of luck. This gives Boxee as a platform the opportunity to offer those enhanced options.
Essay on Gift Economies - 0 views
Gift Economies are a reaction to abundance, rather than scarcity - 0 views
This is a basic premise, which is supported by the wealth of digital resources we have at our disposal. But how to translate this reality into an abundance of physical goods?
Find a Bug in Google Chrome, Earn $500-$1337 - 1 views
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