[supermodularity
Beyond Public and Private URL
Supermodularity (supermodularity) refers to a situation in which it is more efficient to provide a good or service en masse on a large scale than on an individual basis.
The main points are as follows
- With the development of technology, more and more goods and services are becoming super-modular. This leads to increased efficiency, but also carries the risk of monopolies and private enclosures.
- Super-modular goods go beyond the concept of public goods (i.e. goods or services such as parks or highways) to include private goods that are excludable but have economies of scale.
- A combination of market mechanisms and public supply is necessary for the optimal supply of supermodular goods.
- Excludability and contestability can change continuously. The nature of goods depends on how they are owned and used.
- Supermodular goods often have anti-rival properties. The more users they have, the more valuable they become.
- Potential applications include AI, Internet governance, carbon markets, etc.
In short, the authors argue that a collective knowledge approach combining public, private, and community-based decision-making mechanisms is promising for the efficient provision and democratic governance of supermodular goods.
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