Author: JT Smith
From a paper published by the Oxford Review of Economic Policy: “Open source software development is a production model that exploits the distributed
intelligence of participants in Internet communities. This model is efficient because
of two related reasons: it avoids the inefficiencies of a strong intellectual property
regime and it implements concurrently design and testing of software modules. The
hazard of open source is that projects can “fork” into competing versions. However,
open source communities consist of governance structures that constitutionally
minimize this danger. Because open source works in a distributed environment, it
presents an opportunity for developing countries to participate in frontier innovation.”
Category:
- Open Source
