Crowdpricing: Difference between revisions
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Differs from competitive auctions in that the item is not scarce, but is a digital good that can be sold in multiple copies. The price is dependent on the number of people present in the room, and presumable wanting to buy it. | Differs from competitive auctions in that the item is not scarce, but is a digital good that can be sold in multiple copies. The price is dependent on the number of people present in the room, and presumable wanting to buy it. | ||
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[[Category:Encyclopedia]] | [[Category:Encyclopedia]] | ||
[[Category:Peerproduction]] | |||
Latest revision as of 06:47, 1 October 2008
Differs from competitive auctions in that the item is not scarce, but is a digital good that can be sold in multiple copies. The price is dependent on the number of people present in the room, and presumable wanting to buy it.
Of interest, if someone wants to recoup an investment, without profiting excessively from higher demand.
More Information
Mobvend is a Second Life application of this principle, see at http://shep.typepad.com/shep_korvin/2006/11/mobstalking.html
Commentary at http://www.3pointd.com/20070105/crowdpricing-in-second-life/
See also Crowdsourcing and Crowdfunding