Pricing and Efficiency in the Market for IP Addresses
成果类型：
Article
署名作者：
Edelman, Benjamin; Schwarz, Michael
署名单位：
Harvard University; Alphabet Inc.; Google Incorporated
刊物名称：
AMERICAN ECONOMIC JOURNAL-MICROECONOMICS
ISSN/ISSBN：
1945-7669
DOI：
10.1257/mic.20130168
发表日期：
2015
页码：
1-23
关键词：
摘要：
We consider market rules for transferring IP addresses, numeric identifiers required by all computers connected to the Internet. Transfers usefully move resources from lowest- to highest-valuation networks, but transfers tend to cause socially costly growth in the Internet's routing table. We propose a market rule that avoids excessive trading and comes close to achieving social efficiency. We argue that this rule is feasible despite the limited powers of central authorities. We also offer a framework for reasoning about future prices of IP addresses, then explore the role of rentals in sharing information about the value of IP address and assuring allocative efficiency.
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