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New Ways To Manage Information As A Good That Improves With Use, Ida Kubiszewski
New Ways To Manage Information As A Good That Improves With Use, Ida Kubiszewski
Systems Science Friday Noon Seminar Series
Information has some unique characteristics. Unlike most other goods and services, it is neither rival (use by one prevents use by others) nor non-rival (use by one does not affect use by others), but is enhanced with increased use, or ‘additive’. Therefore a unique allocation system for both the production and consumption of information is needed. Under the current market-based allocation system, production of information is often limited through the exclusive rights produced by patents and copyrights. This limits scientists' ability to share and build on each other's knowledge. We break the problem down into three separate questions: (1) do …