Economic experiments in internet access markets

Shane Greenstein

Abstract


Innovation within Internet access markets can be usefully understood through the lens of economic experiments. Economic experiments yield lessons to market participants through market experience. The essay distinguishes between directed and undirected economic experiments. It discusses how spreading of lessons transforms a market. As a lesson becomes common it becomes a part of industry know–how. Further innovations build on that know how, renewing a cycle of experimentation.

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DOI: http://dx.doi.org/10.5210/fm.v12i6.1902



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