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2nd SESERV workshop - Internet Market Failures: Technological Causes and Solutions - Bob Briscoe
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2nd SESERV workshop - Internet Market Failures: Technological Causes and Solutions - Bob Briscoe

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There are seven recognised causes of 'market failure' - a condition where normal microeconomic processes fail to match supply and demand. In this talk I explain why Internet technology suffers from …

There are seven recognised causes of 'market failure' - a condition where normal microeconomic processes fail to match supply and demand. In this talk I explain why Internet technology suffers from all seven. I then outline a technical proposal being standardised at the IETF to address at least five of these problems. I also briefly survey solutions addressing the other causes of Internet market failure. Expertise in either network economics or Internet technology will not be assumed.

Published in Technology , Economy & Finance
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