"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." -- Franc ois Bar, Assistant Professor of Communication,
Part 1 Introduction to Internet economics: an introduction to Internet economics, Lee W. McKnight and Joseph P. Bailey. Part 2 The economics of the Internet: economic FAQs about the Internet, Jeffrey K. MacKie-Mason and Hal R. Varian; the economics of layered networks, Jiong Gong and Padmanabhan Srinagesh; Internet pricing in practice, Nevil Brownlee; flat - the minimalist price, Loretta Anania and Richard Jay Solomon. Part 3 Interconnection and multicast economics: Internet costs structures and interconnection agreements, Padmanabhan Srinagesh; the economics of Internet interconnection agreements, Joseph P. Bailey; sharing multicast costs, Shai Herzog et al. Part 4 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 J. MacKie-Mason et al; user control and IP allocation, Ketil Danielsen and Martin Weiss; priority pricing of integrated services networks, Alok Gupta et al; optimal pricing for integrated services networks, Quing wang et al. Part 5 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 et al; information security for Internet commerce, Lee McKnight et al. Part 6 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.