I have worked in the technology space for a few years now and I am currently setting up some businesses with online quote compatibility. The latest business is in the mortgage insurance industry as most people just want a quote online these days. The website is set-up currently with content and we are in the process of automating that site now, first for mortgage payment protection insurance (MPPI) and then for mortgage life insurance (both level and decreasing term plans). We expect to implement an automated quote system on a page like the one below (currently mail to script): http://www.drewberrymortgageinsurance.co.uk/mortgage-payment-protection-insurance/
I enjoy reading this blog and we don't often get as close up insight into the technology space in the UK.
It would be very interesting if they actually tried this. Surely a large entertainment company would try this strategy on one of their smaller projects as an experiment. They need to get their merchandising and other revenue stream strategy right.
It is a really tough one because there is clearly a massive grey area with this. Sure, if someone copies something 'word-for-word' style that is clearly against copy-write but when it comes to infringements it gets very messy.
It is too easy for people to download music for free for them to focus on that as the main source of revenue generation. They need to develop other sides of the business, mainly around the musicians as 'starts', meaning massive gigs and merchandising etc.
Or is it more of a case of lazy teachers who can't be bothered to do their preparation properly? In any case, if they created those lesson plans in work time whilst being paid by the school then it is act actually not theirs to sell, it is the schools!
Interesting points, obviously there are massive differences between unions and trade organisations but it would be interesting to see the analysis of similarities. Could there be cross-firm strikes? I doubt it but there is definitely an incentive to limit labor supply to drive up wage. The issue is that competition legislators should, if independent, maintain a level playing field and trade organisations shouldn't have enough power to significantly influence.
Very good points, they may very well make higher profits this way. It would be an interesting experiment anyhow. I particularly like your thoughts about a 'free' good feeding into paid goods. Just be careful when you try to get technical about economics because some of the finer points are not really true, for example, music downloads (even if free) are not strictly speaking infinite as it is a function of population, download speed, duration of popularity etc. I know this may seem picky in this example but an economic theory has to have multiple (if not universal) application. Just be careful rigidly arguing a good is infinite. very nice ideas though.
The definition of economics is the study into the efficient allocation of scarce resources, so if the resource isn't scarce it isn't economics. In any case, there can be a price of zero and scarcity if there are no clear ownership rights, which is economics. I don't think we have trouble with infinity, it just doesn't make logical sense because (as a planet) we have limited resources.
If Google doesn't was to create content then they needed to have tried harder to partner with cable providers. I think long-run this content will go online, it will turn out very much like the current situation in print media. As long as content providers have intellectual property they will still be able to generate add revenue, which is all they will get.