Coordination Asymmetry and Arbitrage

Source: http://www.bubblegeneration.com/2005/12/media-1_07.cfm

"In many industries, firms can organize production more efficiently than other forms; so it's (or used to be) more efficient to organize production in firms, than in, for example, markets or communities.

This results in things like a huge oversupply of actors - because only a few firms can coordinate production of media, the demand for actors is almost totally inelastic.

But I think this is about to change, and watching how entrepreneurs arbitrage coordination asymmetries - how they utilize new models to make coordinating outside firms just as efficient as inside firms - is going to be one of the most interesting economic events in years."