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Dennis Weller & Bill Woodcock, Internet Traffic Exchange: Market Developments and Policy Challenges, OECD Digital Economy Paper No. 207, DSTI/ICCP/CISP(2011)2/FINAL (Oct. 17, 2012) (full-text).
This report finds that the Internet has developed an efficient market for connectivity based on voluntary contractual agreements. Operating in a highly competitive environment, largely without regulation or central organization, the Internet model of traffic exchange has produced low prices, promoted efficiency and innovation, and attracted the investment necessary to keep pace with demand.