Monday, June 24, 2002

the five elements of markets
From Reinventing the Bazaar -- the five elements needed to establish a market:
  • information flows smoothly.
  • people can be trusted to live up to their promises.
  • competition is fostered.
  • property rights are protected but not overprotected.
  • side effects on third parties are curtailed. 

4:51:21 PM    


© Copyright 2003 Pete Dapkus .
Last update: 8/16/2003; 7:18:07 PM .

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