Internal public good value” refers to value that is shared within an organization and benefits all members. [Public goods (i.e. goods or services such as parks or highways)” is an economic concept that refers to goods and services that have the following characteristics
- non-excludability: consumption by one individual does not interfere with the consumption of another individual.
- [Noncompetitiveness: Consumption by one individual does not reduce the amount available to other individuals.
In the context of an organization, for example, the following are “internal public good values”
- Clarify the organization’s mission or vision.
- [Fostering a “cooperative organizational culture
- Improving the quality of open source software
They go beyond the contribution of a particular individual to the benefit of the organization as a whole. However, due to the nature of public goods, they tend not to be adequately supplied through market mechanisms.
The PMP seeks to provide a dynamic incentive design and collective decision-making mechanism for contributions to facilitate the creation of such “internal public good value.” In this way, it seeks to elicit cooperation and overall optimization within the organization.
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