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Externalities Are Amazing
By Jeremy | March 18, 2010
The Internet motivates people with externalities. Ask any economist and he or she will tell you that externalities do not motivate people. Yet, the Internet illustrates that externalities do motivate people; Wikipedia and open-source software being the two best examples. These projects show that externalities motivate because the people who write Wikipedia articles do not benefit directly from writing articles. They receive no remuneration; yet, there are consistently people editing articles. Who knows why they do work for free, with a few shakes of externalities thrown in on the side, but thank goodness there are people that will do the work so all Internet users can benefit.
Topics: cs404, school | No Comments »
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