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Ontology Economics

Edited by Martin Hepp, Edited by Robert Tolksdorf

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The state of the art in ontology building, and modeling in general, widely disregards the fact that the behavior of rational actors in the modeling process will be driven by individual economic incentives. Creating an ontology requires resources (e.g. labor) from the contributing individuals. If there is a remote possibility the overall benefit of an ontology might exceed the costs for creating the ontology over its lifetime, it may not be created if it's not economically feasible for each individual required to contribute. Ontology Economics, an edited volume authored by distinguished leaders in this field, provides a one-stop reference on the economic dimension of building, committing to, and using ontologies which are grounded by economic research. Linked to experience and data from real-world ontology projects, this volume is concise and self-contained. A reference book for advanced-level students and researchers in computer science and engineering; also useful for industry practitioners.

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