-mashing up the ideals of freecycle and the infrastructure of twitter for the benefit of small charity networks. This article is taken from sister blog Project Crimson (linky) under a creative commons licence.
The fishermen off the coast in Kerela in 1997 showed how access to new forms of communication and the knowledge transfer it produces, can lead to more efficient markets and more profitable selling. But what does this mean for the third sector?
Well it can be argued that the pre-mobile phone fisherman of the coast of Kerela was in a similar state of information asymmetry as a present day branch of a charity shop. The charity shop’s ‘catch’ is it’s weekly donations from the local public, and much like the old fisherman, it’s market is often restricted, mostly to the same shop the good are donated. However as the fishermen learnt, better knowledge of the supply and demand in other markets led to better and more reliable profits all round.
Grounding this idea more firmly in our example of the Charity shop we will walk through a example of where this idea of communication breeding market efficiency can be put in place for a network of charity shops.
>>>Continue reading at Project Crimson
