Internet Economics

• Authors: Lee W. McKnight;Joseph P. Bailey
• Venue: Internet Economics
• Year: 1998

From the Publisher: "The Internet raises new questions about the economics of networks and forces us to re-examine old questions in a new light. As such, the papers assembled here constitute some of the seminal contributions to a new economic sub-field, by the scholars who were among the first to notice and investigate these new questions. This book also explores issues which are central to the current policy debate surrounding the current re-write of this country's communications laws. The material presented is extremely relevant to a broad audience, including in particular policy-makers, as well as the many business audiences which have a stake in the evolution of communication networks. This work is an extremely significant contribution." -- François Bar, Assistant Professor of Communication, Stanford University The Internet has rapidly become an important element of the economic system. The lack of accepted metrics for economic analysis of Internet transactions is therefore increasingly problematic. This book, one of the first to bring together research on Internet engineering and economics, attempts to establish such metrics. The chapters, which developed out of a 1995 workshop held at MIT, include architectural models and analyses of Internet usage, as well as alternative pricing policies. The book is organized into six sections: 1) Introduction to Internet Economics, 2) The Economics of the Internet, 3) Interconnection and Multicast Economics, 4) Usage Sensitive Pricing, 5) Internet Commerce, and 6) Internet Economics and Policy. Contributors: Loretta Anania, Joseph P. Bailey, Nevil Brownlee, David Carver, David Clark, David W. Crawford, Ketil Danielsen, Deborah Estrin, Branko Gerovac, David Gingold, Jiong Gong, Alok Gupta, Shai Herzog, Clark Johnson, Martyne M. Hallgren, Frank P. Kelly, Charlie Lai, Alan K. McAdams, Jeffrey K. MacKie-Mason, Lee W. McKnight, Gennady Medvinsky, Liam Murphy, John Murphy, B. Clifford Neuman, Jon M. Peha, Joseph Reagle, Mitrabarun Sarkar, Scott Shenker, Marvin A. Sirbu, Richard Jay Solomon, Padmanabhan Srinagesh, Dale O. Stahl, Hal R. Varian, Qiong Wang, Martin Weiss, Andrew B. Whinston.