Perhaps the greatest technological innovation of the next several decades will be universal access and utilization of the Internet. Already congestion is becoming a serious impediment to efficient utilization. We introduce a stochastic equilibrium concept for a general mathematical model of the...

In this paper we investigate two parametric approaches and one non-parametric approach to estimating Internet users' value of time, an important characteristic of demand for Internet services. The advantages of these approaches are brought out, and the limitations are discussed. The models are...

The unprecedented easiness of exchanging information among consumers on the internet could add another dimension to the firms' competition against each other. In this paper, we introduce consumers' learning from each other about the degree of product differentiation into a Hotelling duopoly...