@techreport{NBERw13158, title = "Economic Experiments and Neutrality in Internet Access", author = "Shane Greenstein", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "13158", year = "2007", month = "June", URL = "http://www.nber.org/papers/w13158", abstract = {Economic experiments yield lessons to firms that can be acquired only through market experience. Economic experiments cannot take place in a laboratory; scientists, engineers, or marketing executives cannot distill equivalent lessons from simply building a prototype or interviewing potential customers and vendors. The historical record illustrates that economic experiments were important for value creation in Internet access markets. In general, industry-wide returns from economic experiments exceed private returns, with several important exceptions. Those conclusions motivate an inquiry into whether regulatory policy can play a role in fostering the creation of value. The net neutrality debate is reinterpreted through this lens. A three part test is proposed for encouraging economic experiments from both broadband carriers and providers of complementary services.}, }