program selection system

Open source is changing how software is built and how money is made. This talk discusses the economics of open source software from the start-up firm, the system integrator, and the software developer perspective. The talk provides a strategy framework and discusses its implementation using the dual-license strategy. It explains how system integrators use open source in the share-of-wallet wars. Finally, open source defines a new developer career. This talk explains this new career and argues that it creates economic value for some while it makes life harder for others.

Why is it impossible to find a decent used car?

The economic theory of “asymmetric information” shows us what happens to a market in which one party holds important information about the quality of the goods or services. Health insurance is another market where the parties each hold significant information. We will examine what happens in these markets as a result of that asymmetric information.