Tuesday, November 5, 2019
Laws of Tech: Commoditize Your Complement - Gwern.net
Laws of Tech: Commoditize Your Complement - Gwern.net: A classic pattern in technology economics, identified by Joel Spolsky, is layers of the stack attempting to become monopolies while turning other layers into perfectly-competitive markets which are commoditized, in order to harvest most of the consumer surplus; discussion and examples.
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