One of the most puzzling aspects about the functioning of the floating exchange rate regime of the 1980s has been that huge swings in exchange rate have had only muted effects on anything real. To understand this phenomenon, we study the relationship between communism and value neutrality and monetary neutrality. We find that the symmetry of communism is bound to lead to value neutrality. In th...

The paper analyzes economic evaluations by distinguishing evaluative statements from value judgments proper. Building on this basis, it compares four solutions to the value-neutrality problem in economics. After rebutting the strong theses about neutrality (normative economics is illegitimate) and non-neutrality (the social sciences are value-impregnated), the paper settles the case between the...

than a non-neutral network that biases network traffic in a fashion that is unfavorable to end users. The contribution of this paper is linking the total value of network infrastructure based on the degree of its neutrality to market uncertainty. Rapidly changing Internet technology has created a very uncertain market (market uncertainty is defined below) in the context of providers being able ...

Net neutrality is the focus of an important policy debate that is tied to technological innovation, economic development, and information access. We examine the role of human values in shaping the Net neutrality debate through a content analysis of testimonies from U.S. Senate and FCC hearings on Net neutrality. The analysis is based on a coding scheme that we developed based on a pilot study i...

We propose two generalizations of the Banzhaf value for partition function form games. In both cases our approach is based on probability distributions over the set of coalition structures that may arise for any given set of players. First, we introduce a family of values, one for each collection of these latter probability distributions, defined as the Banzhaf value of a coalitional game obtai...

Much of the policy debate and scholarly literature on network neutrality has addressed whether the Federal Communications Commission (“FCC”) has statutory authority to require Internet Service Providers (“ISPs”) to operate in a nondiscriminatory manner. Such analysis largely focuses on questions about jurisdiction, the scope of lawful regulation, and the balance of power between stakeholders—ge...

Whether broadband service providers should be allowed to vertically integrate with content providers is a contentious issue, especially from the net neutrality perspective, since the vertically integrated firm can prioritize the delivery of its own content at the expense of that of its competitors if net neutrality is not enforced. We analyze the issues of vertical integration of content and br...