Professor Viktor Mayer-Schönberger of the National University of Singapore’s Lee Kuan Yew School of Public Policy has written an interesting post on obstacles to innovation in the markets for online legal information, entitled Venture Capital & Peer Production, at VoxPopuLII.
Professor Mayer-Schönberger argues that risk and cost factors, user preferences, and the relatively small size of the legal information market, all discourage innovation. Professor Mayer-Schönberger concludes by advocating open source peer production of new software for the legal information market, and identifying roles for users, software designers, and existing software tools in such production.
Tags: Computer assisted legal research, Economic analysis of legal information, Economic analysis of legal information markets, Economics and legal information, Innovation in legal information markets, Innovation in legal information systems, Legal information markets, Legal information retrieval, Open source software for legal information systems, Peer production of legal information systems, Viktor Mayer-Schönberger, VoxPopuLII
