Enabling Markets (re: "Hijacking")

[Dave Farber <dave () farber net>]

Begin forwarded message:

> From: Gerry Faulhaber <gerry-faulhaber () mchsi com>
> Date: April 12, 2010 10:37:08 AM EDT
> To: dave () farber net
> Subject: Enabling Markets (re: "Hijacking")

> Dave [for IP, if you wish]--
>
> Should a firm engage in deception of some sort (whether this alleged  
> redirection/"hijacking" rises to the level of fraud is another  
> issue), they are taking advantage of a well-known market failure:  
> information asymmetry, in which the producer knows quite a bit more  
> about its product/service than the customer does, and may use that  
> additional knowledge for nefarious purposes.  Consumer protection  
> laws, lemon laws, the Federal Trade Commission, Health Dept  
> restaurant inspectors, FDA regulations, all are government  
> interventions designed to solve or alleviate this information  
> asymmetry, which only in special circumstances will the market  
> itself correct.  There are often other solutions to information  
> asymmetry problems (certifying private agencies, such as Good  
> Housekeeping, JD Powers, for example), but sometimes government  
> intervention to ensure transparency and disclosure is required to  
> assure the proper workings of the competitive market.
>
> Dave Farber and I have come out very forcefully in our two recent  
> papers in favor of transparency and disclosure not only in the  
> broadband ISP market but in all Internet markets (yes, including  
> application and content providers), if necessary by gov't  
> regulation.  We are believers in the power of markets, but fully  
> understand that intervention may be necessary in the event of a  
> market failure such as information asymmetry.
>
> FYI, the two papers are "Innovation in the Wireless Ecosystem", http://ijoc.org/ojs/index.php/ijoc/article/view/670/388 
>  and "The Open Internet" http://ijoc.org/ojs/index.php/ijoc/article/view/727/411 
> , both published in the International Journal of Communications, and  
> submitted as Comments to the FCC in related proceedings.
>
> From: David Farber
> Sent: Monday, April 12, 2010 9:22 AM
> To: ip
> Subject: [IP] Re: ISP Accused of "Hijacking" Google Search Queries  
> and Subscribers' DNS
>
> ["Dave Farber - you are a free marketeer, so what do you say?" . I  
> am not a Free Market over Everything. I believe Government has a  
> role in protecting the public. (note I showed that in the MS trial).  
> However I dont believe in the ability to plan the future -- link the  
> USSR but rather to supervise and correct for problems in a timely  
> fashion. ]
>
> Begin forwarded message:
>
> From: "David P. Reed" <dpreed () reed com>
> Date: April 11, 2010 10:08:14 PM EDT
> To: dave () farber net
> Cc: ip <ip () v2 listbox com>
> Subject: Re: [IP] Re: ISP Accused of "Hijacking" Google Search  
> Queries and Subscribers' DNS
>
> Competition does not police fraud. Claiming to provide "Google" when  
> one provides something else is fraud.
>
> As someone said on another list, we have competition among meat  
> markets in NYC.  Lots.  But we still have laws against selling  
> tainted meat.
>
> It really amazes me that there are some "free marketers" who think  
> that the market will prevent crime.  I would suggest that those who  
> operate ISPs who defend themselves against "screwing with Internet  
> traffic" by saying, well, there's competition out there take a few  
> minutes to clarify their position by posting a response to this.
>
> Dave Farber - you are a free marketeer, so what do you say?
>
>
> >
>
> Archives        



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