[arin-ppml] quantitative study of IPv4 address market
owen at delong.com
Thu Sep 6 17:33:13 EDT 2012
On Sep 6, 2012, at 14:20 , Milton L Mueller <mueller at syr.edu> wrote:
>> -----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
Propose one, I will probably support it.
So far, you have only proposed market value (economics) as the alternative mechanism. That mechanism demonstrably doesn't work (and you now say you never claimed it would), so...
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