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Internet economics: when constituencies collide in cyberspace

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2 Author(s)
McKnight, L.W. ; MIT, Cambridge, MA, USA ; Bailey, J.P.

Computer engineering, economics and public policy offer different perspectives on the problem of sustaining Internet growth without abandoning the technological innovations that underpin the infrastructure-and culture-of global information. This article offers a framework for addressing this interdisciplinary challenge. We examine how the often conflicting and overlapping interests of different Internet constituencies are beginning to yield to a rough consensus. In particular, we believe these constituencies are beginning to recognize that the growth of the Internet can be explained by a combination of three features: its technical characteristic of statistical sharing, its economic feature of positive network externalities, and its policy objective of interoperability

Published in:

Internet Computing, IEEE  (Volume:1 ,  Issue: 6 )