Tight prior open source equilibrium: The rise of open source as a source of economic welfare

Matthias Bärwolff

Abstract


Open source has become a viable mode of production and resource allocation not only for intrinsically motivated communities but for commercial firms as well. This may be due primarily to the fact that open source ultimately produces greater value on both the use and production sides. Open source thus acts as an institution that affects the structure of the software industry much more efficiently than politics and law. It also provides an economic perspective that may help refine the standard notion of the firm since it emphasises the link between firm and market, not the frontiers that separate the two.

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DOI: http://dx.doi.org/10.5210/fm.v11i1.1309



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