Economists' Statement on Network Neutrality Policy

7 Pages Posted: 28 Mar 2007  

William J. Baumol

New York University - Stern School of Business, Berkley Center for Entrepreneurial Studies; Leonard N. Stern School of Business - Department of Economics

Robert E. Litan

Ewing Marion Kauffman Foundation; AEI-Brookings Joint Center for Regulatory Studies

Martin E. Cave

University of Warwick - Warwick Business School; Brunel University London

Peter Cramton

University of Maryland - Department of Economics

Robert W. Hahn

University of Oxford, Smith School; Georgetown University

Thomas W. Hazlett

Clemson University

Paul L. Joskow

Alfred P. Sloan Foundation; Massachusetts Institute of Technology (MIT) - Department of Economics

Alfred E. Kahn

National Economic Research Associates Inc. (NERA) (Deceased)

John W. Mayo

Georgetown University - Department of Strategy/Economics/Ethics/Public Policy

Patrick A. Messerlin

Groupe d'Economie Mondiale at Sciences Po (GEM Paris)

Bruce M. Owen

Stanford University

Robert S. Pindyck

Massachusetts Institute of Technology (MIT) - Sloan School of Management; National Bureau of Economic Research (NBER)

Vernon L. Smith

Chapman University - Economic Science Institute; Chapman University School of Law

Scott Wallsten

Technology Policy Institute

Leonard Waverman

London Business School

Lawrence J. White

New York University (NYU) - Leonard N. Stern School of Business, Department of Economics

Scott Savage

University of Colorado at Boulder - Department of Economics

Date Written: March 2007

Abstract

Network neutrality is a policy proposal that would regulate how network providers manage and price the use of their networks. Congress has introduced several bills on network neutrality. Proposed legislation generally would mandate that Internet service providers exercise no control over the content that flows over their lines and would bar providers from charging more for preferentially faster access to the Internet. These proposals must be considered carefully in light of the underlying economics. Our basic concern is that most proposals aimed at implementing net neutrality are likely to do more harm than good.

Keywords: network neutrality, legislation, economics

JEL Classification: H00

Suggested Citation

Baumol, William J. and Litan, Robert E. and Cave, Martin E. and Cramton, Peter and Hahn, Robert W. and Hazlett, Thomas W. and Joskow, Paul L. and Kahn, Alfred E. and Mayo, John W. and Messerlin, Patrick A. and Owen, Bruce M. and Pindyck, Robert S. and Smith, Vernon L. and Wallsten, Scott and Waverman, Leonard and White, Lawrence J. and Savage, Scott, Economists' Statement on Network Neutrality Policy (March 2007). AEI-Brookings Joint Center Working Paper No. RP07-08. Available at SSRN: https://ssrn.com/abstract=976889 or http://dx.doi.org/10.2139/ssrn.976889

William J. Baumol (Contact Author)

New York University - Stern School of Business, Berkley Center for Entrepreneurial Studies ( email )

New York, NY
United States
212-998-8943 (Phone)
212-995-3932 (Fax)

Leonard N. Stern School of Business - Department of Economics

269 Mercer Street
New York, NY 10003
United States

Robert E. Litan

Ewing Marion Kauffman Foundation ( email )

4801 Rockhill Road
Kansas City, MO 64110
United States

AEI-Brookings Joint Center for Regulatory Studies

1150 17th Street, N.W.
Washington, DC 20036
United States

Martin E. Cave

University of Warwick - Warwick Business School ( email )

Centre for Management under Regulation (CMuR)
Coventry CV4 7AL
United Kingdom

Brunel University London

Kingston Lane
Uxbridge, Middlesex UB8 3PH
United Kingdom

Peter C. Cramton

University of Maryland - Department of Economics ( email )

College Park, MD 20742
United States
301-405-6987 (Phone)
301-405-3542 (Fax)

Robert W. Hahn

University of Oxford, Smith School ( email )

Oxford
United Kingdom

Georgetown University

Georgetown Center for Business and Public Policy
Washington, DC 20057
United States

Thomas W. Hazlett

Clemson University ( email )

Clemson, SC 29634
United States
8646563430 (Phone)
8646564192 (Fax)

HOME PAGE: http://hazlett.people.clemson.edu/

Paul L. Joskow

Alfred P. Sloan Foundation ( email )

630 Fifth Avenue
Suite 2550
New York, NY 10111
United States
212-649-1649 (Phone)

Massachusetts Institute of Technology (MIT) - Department of Economics ( email )

50 Memorial Drive
E52-373A
Cambridge, MA 02142
United States
617-253-6664 (Phone)
617-258-7070 (Fax)

Alfred E. Kahn

National Economic Research Associates Inc. (NERA) (Deceased)

N/A

John W. Mayo

Georgetown University - Department of Strategy/Economics/Ethics/Public Policy ( email )

3700 O Street, NW
Washington, DC 20057
United States
(202) 687-6972 (Phone)
(202) 687-7310 (Fax)

Patrick A. Messerlin

Groupe d'Economie Mondiale at Sciences Po (GEM Paris) ( email )

197 Boulevard Saint Germain
197 Bd St Germain Paris 75007, 75007
France

Bruce M. Owen

Stanford University ( email )

366 Galvez Street
Stanford, CA 94305-6015
United States

HOME PAGE: http://siepr.stanford.edu/

Robert S. Pindyck

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

100 Main Street
Cambridge, MA 02139
United States
617-253-6641 (Phone)
617-258-6855 (Fax)

HOME PAGE: http://web.mit.edu/rpindyck/www/

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Vernon L. Smith

Chapman University - Economic Science Institute ( email )

One University Dr.
Orange, CA 92866
United States
714-628-2830 (Phone)

Chapman University School of Law ( email )

One University Drive
Orange, CA 92866-1099
United States

Scott Wallsten

Technology Policy Institute ( email )

1099 New York Ave., NW
Suite 520
Washington, DC 20001
United States

HOME PAGE: http://www.wallsten.net

Leonard Waverman

London Business School ( email )

Sussex Place
Regent's Park
London, London NW1 4SA
United Kingdom

Lawrence J. White

New York University (NYU) - Leonard N. Stern School of Business, Department of Economics ( email )

44 West 4th Street
New York, NY NY 10012
United States

Scott Savage

University of Colorado at Boulder - Department of Economics ( email )

Campus Box 256
Boulder, CO 80309
United States
303-735-1165 (Phone)
303-492-1112 (Fax)

HOME PAGE: http://holiday.colorado.edu/savages/

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