Internet Economics

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Lee W. McKnight, Joseph P. Bailey
MIT Press, 1998 - Business & Economics - 525 pages
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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.

ContributorsLoretta 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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Contents

Economic FAQs About the Internet
27
The Economics of Layered Networks
63
Internet Pricing in Practice
77
FlatThe Minimalist Price
91
Internet Cost Structures and Interconnection
121
Contents
155
Sharing Multicast Costs
169
Internet Cost Allocation and Pricing
215
Priority Pricing of Integrated Services Networks
323
Optimal Pricing for Integrated Services Networks
353
A Market for Bandwidth or
379
Internet Payment Services
401
Endorsements Licensing and Insurance for Distributed
417
Information Security for Internet Commerce
435
Contents
451
A Regulatory Imperative
479

Charging and Accounting for Bursty Connections
253
Responsive Pricing in the Internet
279
User Control and IP Allocation
305
Acronyms
501
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About the author (1998)

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

Bailey works in the Technology, Management, and Policy Program t the Massachusetts Institute of Technology.

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