The document models the structure and relationships between different players in internet peering ecosystems from 1998-2000. It defines key concepts like Internet regions, the internet peering ecosystem within each region, and categories of players like Tier 1 and Tier 2 ISPs. It describes the behaviors of Tier 1 ISPs, including their restrictive peering policies where they claim they do not need any additional peering relationships. The model of Tier 1 ISPs is then critiqued by pointing out that the definition of an Internet region is not strictly bound by geographical boundaries.