[address-policy-wg] Paul Krugman on bad equilibriums
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michael.dillon at bt.com
michael.dillon at bt.com
Wed Oct 15 13:44:34 CEST 2008
I've just been reading a paper by Paul Krugman who recently won the Economics Prize in memory of Alfred Nobel. The paper is entitled "Supply, Demand, and English Food" but I think it explains what has gone wrong with IPv6 some 10 years after it was developed. Here's a relevant quotation: But the history of English food suggests that even on so basic a matter as eating, a free-market economy can get trapped for an extended period in a bad equilibrium in which good things are not demanded because they have never been supplied, and are not supplied because not enough people demand them. --Michael Dillon
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