Internet Economics

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"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...
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Overview


"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."
-- Fran├žois 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.

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Editorial Reviews

Booknews
Economists, computer scientists, and communication specialists begin the process of establishing a metric for the economic analysis of transactions on the Internet. Their twenty papers from a March 1995 workshop at MIT cover the basics of Internet economics, interconnection and multicast economics, usage-sensitive pricing, Internet commerce, and policy. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780262133364
  • Publisher: MIT Press
  • Publication date: 5/1/1997
  • Pages: 541
  • Product dimensions: 6.20 (w) x 9.17 (h) x 1.42 (d)

Meet the Author

Lee W. McKnight is Associate Professor in the School of Information Studies at Syracuse
University.
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Table of Contents

Preface
Acknowledgments
Introduction to Internet Economics
An Introduction to Internet Economics
Lee W. McKnight and Joseph P. Bailey
The Economics of the Internet
Economic FAQs About the Internet
Jeffrey K. MacKieMason and Hal R. Varian
The Economics of Layered Networks
Jiong Gong and Padmanabhan Srinagesh
Internet Pricing in Practice
Nevil Brownlee
FlatThe Minimalist Price
Loretta Anania and Richard Jay Solomon
Interconnection and Multicast Economics
Internet Cost Structures and Interconnection Agreements
Padmanabhan Srinagesh
The Economics of Internet Interconnection Agreements
Joseph P. Bailey
Sharing Multicast Costs
Shai Herzog, Scott Shenker, and Deborah Estrin
Usage Sensitive Pricing
Internet Cost Allocation and Pricing
David Clark
Charging and Accounting for Bursty Connections
Frank P. Kelly
Responsive Pricing in the Internet
Jeffrey K. MacKieMason, Liam Murphy, and John Murphy
User Control and IP Allocation
Ketil Danielsen and Martin Weiss
Priority Pricing of Integrated Services Networks
Alok Gupta, Dale O. Stahl, and Andrew B. Whinston
Optimal Pricing for Integrated Services Networks
Qiong Wang, Jon M. Peha, and Marvin A. Sirbu
Internet Commerce
Internet Services: A Market for Bandwidth or Communication?
David W. Crawford
Internet Payment Services
B. Clifford Neuman and Gennady Medvinsky
Endorsements, Licensing, and Insurance for Distributed Services
Charlie Lai, Gennady Medvinsky, and B. Clifford Neuman
Information Security for InternetCommerce
Lee McKnight with Richard Solomon, Joseph Reagle, David Carver,
Clark Johnson, Branko Gerovac, and David Gingold

Internet Economics and Policy
The Economic Efficiency of Internet Public Goods
Martyne M. Hallgren and Alan K. McAdams
Internet Pricing: A Regulatory Imperative
Mitrabarun Sarkar
Acronyms
Contributors
IndeX
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