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:
- Introduction to Internet Economics,
- The Economics of the Internet,
- Interconnection and Multicast Economics,
- Usage Sensitive Pricing,
- Internet Commerce, and
- Internet Economics and Policy.
About the Editor
Lee W. McKnight is Associate Professor in the School of Information Studies at Syracuse University.
"The Internet raises new questions about the economics of networks andforces us to re-examine old questions in a new light. As such, the papersassembled here constitute some of the seminal contributions to a neweconomic sub-field, by the scholars who were among the first to notice andinvestigate these new questions. This book also explores issues which arecentral to the current policy debate surrounding the current re-write ofthis country's communications laws. The material presented is extremelyrelevant to a broad audience, including in particular policy-makers, aswell as the many business audiences which have a stake in the evolution ofcommunication networks. This work is an extremely significantcontribution." Francois Bar, Assistant Professor of Communication, Stanford University