TOPICS INCLUDE:
• What is money? What is income? What is value?
• What’s the value of information, intellectual property and secrecy?
• What is happening to institutions as we know them? What is happening to individuals? Relationships?
• Do current econometrics work?
• What are the new business and pricing models?
• How do we move from assumptions of value in property to value in relationships?
• What happens in a "frictionless" economy?
• How do regulation and taxation contend with the value shifts?
• How can we manage risk when we have trouble measuring value?
CONFERENCE OVERVIEW
Theories of value in the digital world are full of nuances and contradictions when compared to traditional economics. The value of information increases with abundance not scarcity; the value of digital goods does not degrade with use. Less is often more. Today’s economic emphasis is moving from "things" to the connections between things.
How do we adjust profitably to the imperatives of the new and in fact, now economy?
How do we adapt corporate accounting practices to count the right things? How do we explain to traditionalists that relationships are worth more than hard assets? Does content become more valuable when it is given away for free? If so, how do we compensate creativity? As digital value becomes increasingly context dependent, how do we track the inevitable dramatic fluctuations that arise in a market where valuing bits is still evolving? What is the value of digitized property? What is the cost of digital scaleability?
Compensation models are changing rapidly to meet new needs. The medium of exchange between buyers and sellers includes new currencies and systems. Often, the regulators are way behind the curve and taxation is just one labyrinth of confusion. Pricing strategies and price determination mechanisms are dynamic. The list of new electronic pricing models grows daily to include e-auctions, reverse auctions, services auctions, time-value tradeoffs, option-based pricing, e-barter, group buying discounts and more. So which ones work?
What we might call "values" in the moral sense – are increasingly being assessed by clients, employees and other stakeholders. Are we enhancing these within our global organizations and communities for the "greater good" and how, in turn, are these "values" influencing relationships, choices and economic value today?