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Essay Details:
Essay text:
Equipment cost (total cost of the system)
2. Displacement cost (how many communications, and of what value)
3. Transaction/administrative cost
Equipment cost: In a commons model the machine capitalizes the value of free communications over the lifetime of the equipment. Most of the capital investment is done at the edges.
Property models make equipment optimized by pricing usage, but you get more investment in the network.
Displacement: In the old model, every communication displaced another communication. Destabilized by the declining cost of processors and the theoretical changes to Shannon's Law and multiuser information channel...
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