david touve

The verdict is in… Media Pirates are undeniably and economically irrational, just like the rest of us.

Posted by in economy, internet, media, music

A seemingly endless stream of statistics are in play these day suggesting (or proving, in the minds of some) that so-called pirates also buy music, movies, and other forms of digital media. What few if any of these authors discuss openly, however, is the fact that this strange behavior—buying some files and downloading others through unlicensed venues—is, for lack of a better phrase, undeniably and economically irrational. Two of these recent findings would be: Where do music collections come from?, from the American Assembly Downloaden neemt niet af ondanks bestrijding,…read more

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Why is a book about the future of “free”, going to have a price tag?

Posted by in economy, media

A good test of a new pharmaceutical would rest upon whether or not the team who developed the drug would use it on themselves, or their children. Unfortunately, what’s good for the gander is not good for the goose, when it comes to being free.Long Tail Anderson (the editor in chief of WIRED) has been able to make use of Wired magazine to promote his upcoming book. Note: the particular WIRED magazine (in paper form) is only available for free to the first 10,000 people to sign away their right…read more

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Must read book on whatever the heck entrepreneurship is

Posted by in economy, entrepreneurship

One of the most frustrating challenges when working, researching or teaching around the subject of entrepreneurship is the “what” of entrepreneurship.  What the hell is it?  More important, how do those assumptions people hold about this thing that is entrepreneurship stack up to reality? Scott Shane, at Case Western Reserve’s Weatherhead School of Management, has written a book, The Illusions of Entrepreneurship, that is (imho) an absolute must read.

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How does Google succeed?

Posted by in economy

After looking over the old Google aptitude test, I have been able to solve the riddle that is “how does Google succeed?” The answer is quite simple: Google pays people less than they are worth. This may sound like a harsh claim to make, but I would challenge you to find any business able to make a profit that does not fit the above-mentioned contingency. You can hire the best people. But if you pay these people more than they are worth, you lose money. You can hire the worst…read more

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Why do we believe in incentives?

Posted by in economy

The way in which companies try to solve the problem of unruly executives, or staff, and corporate governance seems to be dominated by the assumption of incentives.  We calculate our best interest, and as such, act towards the opportunities we find most compelling.  We can be incentivised to act in particular ways, therefore.  Stock options align the interests of managers with shareholders, for instance. In the research on incentives however, its pretty evident that the above-mentioned equation rarely works out.  Many times, of course, we simply fail to imagine, in…read more

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