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The Tragic Inefficiency of the M-ECPR

Authors: Economides, Nicholas
Keywords: Networks;Access;Complementarity;Public Policy
Issue Date: Dec-1997
Publisher: Stern School of Business, New York University
Series/Report no.: IS-98-08
Abstract: We show that application of the so-called "Market Determined Efficient Component Pricing Rule," the "Efficient Component Pricing Rule," and, in general, of pricing rules that are based on private opportunity costs would perpetuate pricing inefficiencies and result in lower social surplus than pricing which is based on social opportunity cost rather than private opportunity costs.
Appears in Collections:IOMS: Information Systems Working Papers

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