FREE SERVICES ON THE NET: MOVE FROM BARTER TO MONEY

Rakesh Shrivastava

No 2021-38-08, Working papers from Voice of Research

Abstract: Consumers routinely use ‘free’ services on the web by accessing these from laptops and mobile. These services are actually paid by the user’s time, attention, and data. Consumers depend on regulators and authorities to protect their interests. The arter trade of service can move to a system of money, say ‘Cyberdollar’. Whenever a service is used, the consumer of service shall pay Cyberdollars for the services used. Service-provider shall pay Cyberdollars to the consumer for their time spent, attention and for data. A Cyberdollar-based marketplace for web services shall be more efficient and vibrant than the present barter system. Consumers shall be able to influence the price of various services based on utility and quality, and service providers shall be able to optimize their earnings by dynamic pricing of services offered. Consumers shall have a choice of gracefully opting out of services, and service providers may seek compensation for loss of business. Cyberdollars may emerge as the most powerful currency used all over the globe for transacting on the world wide web. Key Words: Access to world wide web, Free web services, Prices of web-based services, Virtual currency

Date: 2021-06
New Economics Papers: this item is included in nep-dcm
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://voiceofresearch.org/Doc/Jun-2021/Jun-2021_8.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vor:issues:2021-38-08

Access Statistics for this paper

More papers in Working papers from Voice of Research The Editor, Voice of Research E/1, Samay Appartments, Behind NID, Paldi. Ahmedabad. 380007.
Bibliographic data for series maintained by Dr. Avdhesh Jha ( this e-mail address is bad, please contact ).