A Case for Net Neutrality
— December 13, 2017
By Nicholas Economides
As a result, many customers needed two different phones—one for AT&T, and one for their local independent telephone company. AT&T’s market share increased to 89 percent by acquiring its rivals until this absurd situation was solved by imposing mandatory interconnection through regulation in 1935.
Fast forward to 70 years later. Similar to AT&T’s historical long-distance network, the Internet has become today’s most important network. But, because the Internet is based on public protocols, it’s difficult for any one company to control. Since its inception, it has operated under “network neutrality,” which means the order of arrival of information packets is not disturbed by telecom and cable companies.
Read the full article as published by IEEE Spectrum.
Nicholas Economides is a Professor of Economics at NYU Stern School of Business.