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International Governance Of The Internet: An Economic Analysis

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  • Gordon L. Brady

Abstract

Economists have long recognised that government may serve as a vehicle to create and maintain monopoly power and hence generate economic rents for a favoured few. The Internet Corporation for Assigned Names and Numbers (ICANN) has a government‐provided monopoly of the allocation of top‐level domains (TLDs) on the A‐root server and so generates economic rents. The A‐root server is the only computer network that links registered TLDs to the Internet. This paper uses insights of the economics of regulation and rent seeking to explain how existing technology may bypass ICANN and thus restore a competitive market in domain names.

Suggested Citation

  • Gordon L. Brady, 2003. "International Governance Of The Internet: An Economic Analysis," Economic Affairs, Wiley Blackwell, vol. 23(2), pages 40-44, June.
    • Handle: RePEc:bla:ecaffa:v:23:y:2003:i:2:p:40-44
    DOI: 10.1111/1468-0270.00414
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    References listed on IDEAS

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    1. Richard A. Posner, 1975. "The Social Costs of Monopoly and Regulation," Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 45-65, Springer.
    2. Gordon L. Brady, 2003. "International Governance of the Internet: An Economic Analysis," ICER Working Papers 17-2003, ICER - International Centre for Economic Research.
    3. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
    4. Krueger, Anne O, 1974. "The Political Economy of the Rent-Seeking Society," American Economic Review, American Economic Association, vol. 64(3), pages 291-303, June.
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    Cited by:

    1. Stutzer Alois & Frey Bruno S., 2006. "Making International Organizations More Democratic," Review of Law & Economics, De Gruyter, vol. 1(3), pages 305-330, January.

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