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by tom_mellior
3130 days ago
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The question is explicitly about paying more for "faster or higher quality service". Yet at least two of these economists (who voted "agree") seem to misunderstand the issue: Altonji writes "High bandwidth traffic imposes externalities on other users", which is true, but it's an argument in favor of charging per amount of data, not based on speed promised. Same for Thaler's "Seems like those who cause congestion should pay more" (to be fair, he put confidence 1). So... not impressed by these arguments. Also, Duffie: "Works for soap, wine, and haircuts; why not Internet?". If that's the level of argument needed to become Distinguished Professor at Stanford, I'm clearly in the wrong field. |
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