IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2112.06646.html

The Burst Market: The Next Leap for Humanity

Author

Listed:
  • Vincent Yuansang Zha

Abstract

Many useful human contributions remain unexchanged because exchange frictions exceed their value. This conceptual paper proposes the Burst Market (BM): a market for brief, paid, immediate human services delivered through live video. BM seeks to lower the minimum viable exchange through PIVOT: Provider-set price, Immediate access, Video interaction, Open participation, and Time-metered payment. A four-part friction map covers buyer access, provider market access, capability packaging, and assurance and governance. BM identifies seven rebalances, including AI job disruption versus underused human capability, and serves both scarce and underused capacity. As generative market infrastructure, BM may let people create services that established occupations and platforms cannot foresee. Seven conceptual propositions organize its mechanisms and predictions. If these effects emerge at scale, BM could represent the next leap for humanity.

Suggested Citation

  • Vincent Yuansang Zha, 2021. "The Burst Market: The Next Leap for Humanity," Papers 2112.06646, arXiv.org, revised Sep 2026.
    • Handle: RePEc:arx:papers:2112.06646
    as

    Download full text from publisher

    File URL: https://arxiv.org/pdf/2112.06646
    File Function: Latest version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
    2. Andrew D. Foster & Mark R. Rosenzweig, 2022. "Are There Too Many Farms in the World? Labor Market Transaction Costs, Machine Capacities, and Optimal Farm Size," Journal of Political Economy, University of Chicago Press, vol. 130(3), pages 636-680.
    3. Dahlman, Carl J, 1979. "The Problem of Externality," Journal of Law and Economics, University of Chicago Press, vol. 22(1), pages 141-162, April.
    4. Jan Drahokoupil & Agnieszka Piasna, 2017. "Work in the Platform Economy: Beyond Lower Transaction Costs," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 52(6), pages 335-340, November.
    5. Amare, Mulubrhan & Mariara, Jane & Oostendorp, Remco & Pradhan, Menno, 2019. "The impact of smallholder farmers’ participation in avocado export markets on the labor market, farm yields, sales prices, and incomes in Kenya," Land Use Policy, Elsevier, vol. 88(C).
    6. Yelena Petrenko & Sergey Pizikov & Nurlan Mukaliev & Anuar Mukazhan, 2018. "Impact of production and transaction costs on companies’ performance according assessments of experts," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(1), pages 398-410, September.
    7. Li, Xinyi & Ito, Junichi, 2021. "An empirical study of land rental development in rural Gansu, China: The role of agricultural cooperatives and transaction costs," Land Use Policy, Elsevier, vol. 109(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Clasen, Michael, 2004. "Success Factors of Digital Markets in the Agricultural and Food Industry," 2004 Conference (48th), February 11-13, 2004, Melbourne, Australia 58394, Australian Agricultural and Resource Economics Society.
    2. Olivier Meier & Aurélie Sannajust, 0. "The smart contract revolution: a solution for the holdup problem?," Small Business Economics, Springer, vol. 0, pages 1-16.
    3. Anthony Koschmann & Faruk Anıl Konuk, 2025. "Market outcomes regarding number and types of brand alliance partnerships," Marketing Letters, Springer, vol. 36(4), pages 705-729, December.
    4. Larry Eubanks & Glenn L. Furton, 2024. "The institutional structure of pollution: large-scale externalities and the common law," Public Choice, Springer, vol. 201(3), pages 429-450, December.
    5. Phan, Thu-Ha Dang & Brouwer, Roy & Davidson, Marc David, 2017. "A Global Survey and Review of the Determinants of Transaction Costs of Forestry Carbon Projects," Ecological Economics, Elsevier, vol. 133(C), pages 1-10.
    6. Wu, Jiayu & Hu, Yingjie & Liu, Tao & He, Qingsong, 2018. "Value capture in protected areas from the perspective of common-pool resource governance: A case study of Jiuzhai Valley National Park, China," Land Use Policy, Elsevier, vol. 79(C), pages 452-462.
    7. Sarah Tung & Julien Pénin, 2026. "The emergence and evolution of science–industry intermediaries: An evolutionary framework," Journal of Evolutionary Economics, Springer, vol. 36(1), pages 1-34, April.
    8. Karlsson, Charlie & Rouchy, Philippe, 2015. "Regional Economic Development, Social Capital and Governance: A Buchanian Approach," Working Paper Series in Economics and Institutions of Innovation 390, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    9. Vivek, Shiri D. & Richey Jr., R. Glenn & Dalela, Vivek, 2009. "A longitudinal examination of partnership governance in offshoring: A moving target," Journal of World Business, Elsevier, vol. 44(1), pages 16-30, January.
    10. Lijia, Wang & Xuexi, Huo, 2014. "Grower's Selling Behavior: Transaction Cost Comparison Analysis," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 15(2), pages 1-24.
    11. Goldberg, Victor P., 1983. "Production functions, Transactions Costs and the New Institutionalism," Working Papers 229120, University of California, Davis, Department of Economics.
    12. Massimiliano Vatiero, 2021. "Transaction and transactors’ choices: What we have learned and what we need to explore," DEM Working Papers 2021/04, Department of Economics and Management.
    13. Peter J. Boettke & Rosolino A. Candela & Peter J. Jacobsen, 2023. "Economic calculation and transaction costs: The case of the airline oversales auction system," Southern Economic Journal, John Wiley & Sons, vol. 89(3), pages 708-731, January.
    14. Olivier Meier & Aurélie Sannajust, 2021. "The smart contract revolution: a solution for the holdup problem?," Small Business Economics, Springer, vol. 57(2), pages 1073-1088, August.
    15. Gary D. Libecap, 2014. "Addressing Global Environmental Externalities: Transaction Costs Considerations," Journal of Economic Literature, American Economic Association, vol. 52(2), pages 424-479, June.
    16. Salomon Espinosa Diaz & Francesco Riccioli & Francesco Di Iacovo & Roberta Moruzzo, 2023. "Transaction Costs in Agri-Environment-Climate Measures: A Review of the Literature," Sustainability, MDPI, vol. 15(9), pages 1-18, May.
    17. He, Shenjing & Wang, Dong & Webster, Chris & Chau, Kwong Wing, 2019. "Property rights with price tags? Pricing uncertainties in the production, transaction and consumption of China’s small property right housing," Land Use Policy, Elsevier, vol. 81(C), pages 424-433.
    18. Conchita Ayerbe & Carmen Górriz, 2003. "Economic mechanisms for environmental protection: Business versus market transaction costs," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 9(2), pages 123-132, May.
    19. Han, Shaojie & Su, Jingqin & Lyu, Yibo & Liu, Qing, 2022. "How do business incubators govern incubation relationships with different new ventures?," Technovation, Elsevier, vol. 116(C).
    20. Mariani, Marcello M. & Fosso Wamba, Samuel, 2020. "Exploring how consumer goods companies innovate in the digital age: The role of big data analytics companies," Journal of Business Research, Elsevier, vol. 121(C), pages 338-352.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2112.06646. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: https://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.