| > What Google makes is irrelevant to the content producer. Is it though? Let's say I weave a basket out of reeds I've spent the weekend picking from the shores of a local creek. I take the basket to a guy who pays me $20 for it. Then that same guy takes it to a swap meet that he runs in town and sells it for $200. That's just market economics, until you try to set up your own smaller swap meet on the route to this guys market and sell your baskets there, and this guy calls the police and has them shut down your "illegal swap meet." So you go to city hall for a permit and they say, "We don't sell permits unless you can prove that at least 1,000 people will go to your swap meet and every week you'll have at least 10 new products to show." See where I'm going with that? Asymmetric markets are ones where a single individual or small group of individuals can exercise control over the entire operation of the market. You can think of then as nascent monopolies or perhaps price fixing cartels. In the US, after experiencing the Great Depression, as a result of unregulated markets, the US made it government policy to regulate market abuses as no single participant (or even a set of participants) could hope to compete with the monopoly or cartel. Information markets, or non-real property markets like video content, did an end run around controls in an effort to capture the value that is associated with a product you can manufacture instances of for pennies, but sell for dollars. Games, Office processing suites, Videos, Musical recordings, can all be "sold" for 100 to 1000x the cost to produce them. It is an area that is under studied in my opinion. |