The Internet’s “peculiar market” requires...
The Internet’s “peculiar market” requires the FCC to act quickly to impose new net neutrality rules, concluded a report by New York University law school’s Institute for Policy Integrity. Business hasn’t invested properly in building the Web because the Internet…
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is “a two-sided market” that charges, or can charge, both providers and users but still benefits from maximizing the number of users, but can’t guarantee that content producers will be paid, found the institute’s Inimai Chettiar, Scott Holladay and Jennifer Rosenberg. “While these underlying market failures … cause underinvestment in the Internet, these failures can be addressed in part through net neutrality rules,” said the study released Wednesday. The report is “silly,” USTelecom President Walter McCormick said. “The facts are that consumers are experiencing no problems in the marketplace, and by the FCC’s own conclusions, an overwhelming 91 percent are satisfied with their Internet service."