[arin-ppml] quantitative study of IPv4 address market
Milton L Mueller
mueller at syr.edu
Thu Sep 6 17:20:09 EDT 2012
> -----Original Message-----
> From: Owen DeLong [mailto:owen at delong.com]
> Surely as an economist the term "tulip famine" cannot be unfamiliar to you?
It is unfamiliar to me. I have never heard of the great Tulip Famine. But my heart bleeds for all those hungry tulips - I wish I could feed them.
I have, however, heard of the Dutch tulip bubble of 1637. But this is a _bubble_ story, it is not a hoarding story. Like the real estate bubble we just went through, it is about people bidding up the price of a resource (neither of which was in fixed supply) in the errant belief that its value would keep going up indefinitely.
I don't think anyone has ever said "economics prevent hoarding." I think I was calling for policies that provide appropriate incentives not to hoard that is less arbitrary and hard to administer than traditional needs assessment
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