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UCL: Net Neutrality on the Internet (Economides)
Thursday, January 21, 2010 from 3:00 PM to 5:00 PM (GMT)
London, United Kingdom
UCL Centre for Law and Economics:
Net Neutrality on the Internet
Professor Nick Economides, NYU Stern Business School
Thursday 21 January, 3-5pm
at the Institute of Advanced Legal Studies, Charles Clore House, Russell Square, London WC1
About this lecture:
The presentation will discuss net neutrality regulation in the context of a two-sided market model. Platforms sell Internet access services to consumers and may set fees to content - and application providers on the Internet. When access is monopolized, for reasonable parameter ranges, net neutrality regulation (requiring zero fees to content providers) increases the total industry surplus as compared to the fully private optimum at which the monopoly platform imposes positive fees on content providers. However, there are also parameter ranges for which total industry surplus is reduced. Imposing net neutrality in duopoly with multi-homing content providers and single-homing consumers increases the total surplus as compared to duopoly competition with positive fees to content providers. The speaker will also discuss the desirability, from an economic welfare perspective, or not of net neutrality regulation.
About the speaker:
Professor Nicholas Economides is an internationally recognized academic authority on network economics, electronic commerce and public policy. His fields of specialization and research include the economics of networks, especially of telecommunications, computers, and information, the economics of technical compatibility and standardization, industrial organization, the structure and organization of financial markets and payment systems, antitrust, application of public policy to network industries, strategic analysis of markets and law and economics.
Professor Economides has published more than 100 articles in top academic journals in the areas of networks, telecommunications, oligopoly, antitrust, product positioning and on the liquidity and the organization of financial markets and exchanges. He holds a PhD and MA in Economics from the University of California at Berkeley, as well as a BSc (First Class Honors) in Mathematical Economics from the London School of Economics. Previously, he taught at Columbia University (1981-1988) and at Stanford University (1988-1990). He is editor of the Information Economics and Policy, Netnomics, Quarterly Journal of Electronic Commerce, the Journal of Financial Transformation, Journal of Network Industries, on the Advisory Board of the Social Science Research Network, editor of Economics of Networks Abstracts by SSRN and former editor of the International Journal of Industrial Organization. His website on the Economics of Networks has been ranked as one of the top four economics sites worldwide by The Economist magazine.
Professor Economides is Executive Director of the NET Institute, http://www.NETinst.org, a worldwide focal point for research on the economics of network and high technology industries. He is advisor to the US Federal Trade Commission, the governments of Greece, Ireland, New Zealand and Portugal, the Attorney General of New York State, major telecommunications corporations, a number of the Federal Reserve Banks, the Bank of Greece and major Financial Exchanges. He serves on the Advisory Board of the Economist Intelligence Unit. He has commented extensively in broadcast and in print on high technology, antitrust and public policy issues.
Paper available at
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