Competition in the Digital Age
Princeton University Press just published my book, with its self-explanatory title, How the Internet Became Commercial (2015). Sometimes I am asked to explain the “secret sauce” of US commercial success. I point to the treatment of outsiders. There were few barriers to putting their contributions to good use. Mainstream firms were more than willing to …
Continue reading "Insiders, Outsiders, and an Existentialist"
It is time, dear readers, for a review of the year in technology. And what a year it was. Yes, indeed, information technology in 2015 had its share of strange and notable people, events, and ideas! Who deserves awards? Below you will find a dozen winners. How are these awards chosen? On what criteria? Be …
How did the deployment and uptake of the Internet bring about growth in the US economy? That is a fundamental economic question that still resonates today, because many of these events yielded lessons that we can take to the present. The topic is hard to address because many participants experienced these events in different ways. …
Continue reading "Twenty Years of the Commercial Internet (Part 2)"
In August 1995, Netscape held its initial public offering and caught the attention of every participant in computing and communications. It was a catalytic event for the commercial Internet, and it started the beginning of a long boom in investment by private firms, households, entrepreneurs, and venture capitalists. With the 20th anniversary approaching, it’s time …
What is the economic value of online behavioral data? It is a seemingly simple question. Define the terms. Behavioral data refers to information produced as a result of actions, typically commercial behavior using a range of devices connected to the Internet, such as a PC, tablet, or smartphone. Behavioral data tracks the sites visited, the …
The cookie turned 20 just the other day. More than a tasty morsel of technology, two decades of experimentation have created considerable value around its use. The cookie originated with the ninth employee of Netscape, Lou Montulli. Fresh out of college in June 1994, Montulli sought to embed a user’s history in a browser’s functions. …
Until recently, a fast lane from a broadband ISP was a remote possibility in the US. ISPs had to give data equal treatment, regardless of the source, and could not offer faster delivery for a higher price while giving slower service as a default. Although fast lanes were allowed by regulators a few years ago …
Misunderstandings and misstatements perennially pervade any debate about public funding of research and development. That must be so for any topic involving public money, almost by definition, but arguments about funding for scientific research and development contain a unique and special irony. Well-working government funding is, by definition, difficult to assess, because of two criteria …
Almost with inexorable momentum, the Internet hurls itself into new territory. Some time ago, more than two billion humans had adopted at least one Internet-enabled device in some form, and nobody doubts that another two billion will accrue soon. New webpages increasingly find ways to inform readers, as more information in a variety of formats …
Most of the year I work on digital topics. But I spend some time each year around the holidays – including this post - thinking about the economics of gift giving. For folks who traffic in ideas, it’s good to be known for something. So I guess I shouldn’t complain about the attention I get …
Digitopoly 