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Network. Email. Semantics. Big data. Most Popular Explainers of 2011. A k'wala's SciTech Daily. Economics of Information Technology - people.ischool.berkeley.edu. Hal R. Varian1 University of California, Berkeley July 2001Revised: Mar 23, 2003 Abstract This is an overview of economic phenomena that are important for high-technology industries.
Most of these phenomena are present in conventional industries, but they are particular important for technology-intensive industries. 1 Introduction2 Technology and market structure3 Intellectual property4 The Internet boom 4.1 Financial speculation 4.2 Where are we now? 1 Introduction During the 1990s there were three back-to-back events that stimulated investment in information technology: telecommunications deregulation in 1996, the ``year 2K'' problem in 1998-99, and the ``dot com'' boom in 1999-2000. Many IT companies listed their stocks on NASDAQ. Figure 1 actually understates the magnitude of technology firms on stock market performance, since a significant part of the S&P return was also driven by technology stocks.
Clearly the world changed dramatically in just a few short years. 4 The Internet boom. FCC Measures Actual Internet Speeds in USA. For the first time in the history of the internet, the FCC has collected a mass of data showing "real-world" speeds at which USA internet connections are working. If we can trust anyone to give us, the public, unbiased plain-number results, it's the FCC, right? Georgia Tech professor Nick Feamster, working with the FCC on proper metrics for the test, noted that they "found that the performance of US ISPs more consistently matches their advertised promises than the ISPs in other countries—they do a pretty good job.
" Of course, with numbers like what we're seeing here and claims made by carriers around the US over the past few years, not everyone agrees. One of the most interesting quotes on the subject comes from the FCC itself in the report, they noting the following: "actual download speeds are substantially closer to advertised speeds than was found in data from early 2009. "
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