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"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."--abstract.
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Economic experiments and neutrality in internet access
2007, National Bureau of Economic Research
in English
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Edition Notes
"June 2007"
Includes bibliographical references (p. 49-53).
Also available in PDF from the NBER world wide web site (www.nber.org).
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- Created September 29, 2008
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