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Cooking pot Markets: an Economic Model for the Trade in Free Goods and Services on the Internet

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Abstract

It has long been assumed that there is something beyond economics involved in the proliferation of free goods and services on the Internet. Although Netscape's recent move to give away the source code for its browser shows that the corporate world now believes that it is possible to make money with free software - previously eyed with cautious pessimism - money is not the prime motivator of most producers of the Internet's free goods, and neither is altruism. Efforts and rewards may be valued in intangibles, but, as this paper argues, there is a very tangible market dynamics to the free economy of the Internet, and rational economic decisions are at work. This is the "cooking-pot" market: an implicit barter economy with asymmetric transactions.

Suggested Citation

  • Rishab Aiyer Ghosh, 1998. "Cooking pot Markets: an Economic Model for the Trade in Free Goods and Services on the Internet," Brazilian Electronic Journal of Economics, Department of Economics, Universidade Federal de Pernambuco, vol. 1(1), July.
    • Handle: RePEc:bej:issued:v:1:y:1998:i:1:cooking
    Note: This is an updated version of a paper published in First Monday, Vol 3, Issue 3, March 1998. http://www.firstmonday.dk/issues/issue3_3/
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    File URL: http://www.beje.decon.ufpe.br/ghosh/cooking.htm
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    Cited by:

    1. Cowan, R. & Jonard, N., 2003. "The dynamics of collective invention," Journal of Economic Behavior & Organization, Elsevier, vol. 52(4), pages 513-532, December.
    2. Mateos-Garcia, Juan & Steinmueller, W. Edward, 2008. "The institutions of open source software: Examining the Debian community," Information Economics and Policy, Elsevier, vol. 20(4), pages 333-344, December.
    3. Gilroy, Bernard Michael, 1999. "A Primer on Internet Economics: Economic Aspects of Digital Information Technologies," MPRA Paper 17971, University Library of Munich, Germany.
    4. Karni Lotan Marcus, 2018. "The Pyramid Fallacy: Self-Organizing Decentralized Open Systems for Sustainable Collective Action," SAGE Open, , vol. 8(2), pages 21582440187, May.
    5. Powell, J.P., 2010. "The limits of economic self-interest : The case of open source software," Other publications TiSEM fc6d2aa1-8b29-40be-b888-5, Tilburg University, School of Economics and Management.
    6. Heitmayer, Maxi, 2024. "The second wave of attention economics attention as a universal symbolic currency on social media and beyond," LSE Research Online Documents on Economics 124333, London School of Economics and Political Science, LSE Library.
    7. Carliss Y. Baldwin & Kim B. Clark, 2006. "The Architecture of Participation: Does Code Architecture Mitigate Free Riding in the Open Source Development Model?," Management Science, INFORMS, vol. 52(7), pages 1116-1127, July.
    8. Gilroy, Bernard Michael & Vollpert, Tobias, 1999. "Zukunftsperspektiven betriebswirtschaftlicher Forschung im Bereich der Internetökonomie [Future perspectives of economic research in the context of internet economics]," MPRA Paper 21086, University Library of Munich, Germany.
    9. Sheen S. Levine & Michael J. Prietula, 2014. "Open Collaboration for Innovation: Principles and Performance," Organization Science, INFORMS, vol. 25(5), pages 1414-1433, October.
    10. Krishnamurthy, Sandeep & Ou, Shaosong & Tripathi, Arvind K., 2014. "Acceptance of monetary rewards in open source software development," Research Policy, Elsevier, vol. 43(4), pages 632-644.
    11. Krishnamurthy, Sandeep & Tripathi, Arvind K., 2009. "Monetary donations to an open source software platform," Research Policy, Elsevier, vol. 38(2), pages 404-414, March.
    12. Maria Alessandra Rossi, 2004. "Decoding the "Free/Open Source(F/OSS) Software Puzzle" a survey of theoretical and empirical contributions," Department of Economics University of Siena 424, Department of Economics, University of Siena.
    13. Carliss Baldwin & Eric von Hippel, 2011. "Modeling a Paradigm Shift: From Producer Innovation to User and Open Collaborative Innovation," Organization Science, INFORMS, vol. 22(6), pages 1399-1417, December.

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    Keywords

    Internet; Trade;

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