Question

In: Economics

What industries do you think could successfully move to a peer production model? Which could not?...

What industries do you think could successfully move to a peer production model? Which could not? Why? Is the key factor the nature of the industry, the nature of the technology in use, social factors, or something else?

Solutions

Expert Solution

Answer: Peer production is alo knon as mass collaboration and it is a way of producing goods and services that relies on self-organizing communities of individuals. In such communities, the labor of many people is coordinated towards a shared outcome.

So industries like IT (software industry) example linux, wikipedia etc, Social media industry can successfully move to a peer production model.

Industries with physical model like automobile industires where labour & unions are involved (like Uber, Airbnb) could not move to successful peer production model because  in peer production model companies in the platform economy do not invest in traditional material infrastructures, thereby undercutting their traditional rivals and harming the conditions of workers in these legacy industries.

The key factor is socio-technical system which allows thousands of individuals to effectively cooperate to create a non-exclusive given outcome.


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