Talk:Strategy for Information Markets/Introduction

Experience goods
Consider phrasing carefully so as not to tread on copyrights. TDang (talk) 21:52, 1 October 2010 (UTC)

some suggestions
Marginal Cost— It would be better if a graph of marginal cost curve and a formula of calculating marginal cost can be included on the page so that readers have a better understanding of this concept. Intellectual property— It would be better if a definition of Intellectual property can be included on the page which makes the concept clearer for readers. Network externalities—It would be better if a definition of Network externalities and a diagram of the fax machine example are provided on the page. Xmo (discuss • contribs) 17:15, 6 February 2012 (UTC)
 * This is an "Introduction" page, so it should try to give a first-approximation idea of these topics but not get too in-depth on them, saving that for the other parts of the text. TDang (discuss • contribs) 22:55, 16 February 2012 (UTC)

eliminate 1st paragraph
In the introductory 3 paragraphs to your introduction page, I think you should eliminate the 1st paragraph. The second paragraph alone is a good introduction because it succinctly tells the reader what the book is about, and roughly outlines the material that the book covers. I would go further, however, and completely outline all of the later material presented in the book. For instance, the chapters that cover the market and the competition are not represented or discussed in the introduction. Zipdude84 (discuss • contribs) 20:39, 6 February 2012 (UTC)
 * I think the ideas in the first paragraph are worth keeping, but possibly re-phrasing or moving elsewhere. I agree that this page should be expanded to introduce/outline everything which is coming up in the rest of the book (which means it might change as the book changes). TDang (discuss • contribs) 22:58, 16 February 2012 (UTC)

TDang review April 2012
I'm reviewing this version. I'll likely be more critical than complimentary, because (a) that's the way I am and (b) that's what will help improve things. Please don't take the criticism-over-compliments to mean I have a wholly negative view.

Make sure to check the all-purpose review thoughts as well.

TDang (discuss • contribs) 03:06, 2 May 2012 (UTC)
 * Low marginal cost--For the introduction, don't give mathematical definitions. Give intuitive explanations, and the math will either come in the background material or in other parts of the book.
 * "Intellectual property laws are created to protect the creators' rights and prevent market failure of information goods such as allocatin inefficiency or difficulty in reproduction ."--This sentence is confused. I think the idea was already expressed earlier.
 * Tippy Markets--This isn't the place to spend too much time on how tippy markets happen. Note that some of the markets can be tippy, which means a "winner-take-all" dynamic.
 * "Some markets have a tendency for consumers to prefer to have a single brand or option for purchase."--For demand-side economies of scale, this is correct. For supply-side economies of scale, it's not so much that consumers prefer to have a single option, but that the single option can be produced more cheaply than multiple competing options.
 * This usually occurs when there are high supply-side economies of scale, low demand-side economies of scale, and low taste for variety."--That should be 'high demand-side economies of scale.
 * "Economies of scale and variety are the two factors..."--from here on is too much detail for the tippy section.
 * "we will often use that to think in thinking"--this should be rephrased.
 * "but few are interested in a 5-year-old television review."--I bet there's a better example of an information good which people won't be interested in. The weather forecast from a month ago?
 * Exclusion--This is more about non-rivalry and piracy than excludability.
 * Maybe there should be a section called "Excludability" instead.
 * For this section as written, it should probably be called "Non-rivalry"
 * Briefly describe what non-rivalry means (in contrast to typical rivalrous goods_
 * And only very briefly here point out that that non-rivalry can be part of piracy because someone can pirate an information good without denying its use to anyone else.
 * Software Patents and Bundling don't belon here in the introduction--they're specialized and should be handled elsewhere. DOn't just delete these, figure out where to move them to and try to integrate them into other pages.
 * Opensource should probably also go somewhere else, but I'm not sure, so it can stay in the introduction for now.
 * References
 * This reference, "DeWitt, Phillp (2011). Consortium led by Apple buys Nortel's patents for $4.5 billion." needs more to it. I assume it's a news article? If so it needs to identify what's the newspaper / web site or whatever. If it's online, a link to it would help.
 * This reference is also too vague: "Barr, Joe (2011). "Why 'Free Software' is Better than 'Opensource'"" (It would also help for this reference to use Wiki's inline reference formats)