How the internet became commercial: innovation, privatization, and the birth of a new network
In: Kauffman Foundation series on innovation and entrepreneurship
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In: Kauffman Foundation series on innovation and entrepreneurship
In: The international library of critical writings in economics 280
In: An Elgar research collection
In: NBER working paper series 13158
Economic experiments yield lessons to firms that can be acquired only through market experience. Economic experiments cannot take place in a laboratory; scientists, engineers, or marketing executives cannot distill equivalent lessons from simply building a prototype or interviewing potential customers and vendors. The historical record illustrates that economic experiments were important for value creation in Internet access markets. In general, industry-wide returns from economic experiments exceed private returns, with several important exceptions. Those conclusions motivate an inquiry into whether regulatory policy can play a role in fostering the creation of value. The net neutrality debate is reinterpreted through this lens. A three part test is proposed for encouraging economic experiments from both broadband carriers and providers of complementary services.
In: NBER working paper series 12182
In: NBER working paper series 9761
In: NBER working paper series 7690
In: NBER Working Paper No. w15905
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In: NBER Working Paper No. w13158
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In: The Rand journal of economics, Band 24, Heft 1, S. 19
ISSN: 1756-2171
In: Harvard Business School Technology & Operations Mgt. Unit Working Paper No. 21-019
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Working paper
In: TPRC48: The 48th Research Conference on Communication, Information and Internet Policy
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Working paper
In: NBER Working Paper No. w22631
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In: TPRC 41: The 41st Research Conference on Communication, Information and Internet Policy
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Working paper