![]() ![]() 2016) we follow a different approach, grounded in the literature that has explored capitalisation effects of local characteristics (see Oates 1969). (2015) made an important step in this direction by employing high-frequency broadband usage data from one internet service provider in the US. In order to assess if these broadband plans pass a cost-benefit test, one needs to know the demand for fast broadband, which is a missing key element in the literature. A cost-benefit analysis of fast internet connection: New evidence Its Digital Agenda identifies targets that are as aspiring as those of the US – also by 2020, every European citizen will be able to connect at at least 30 Mbit/s. In Europe, broadband is one of the pillars of Europe 2020, a ten-year strategy proposed by the European Commission. In the US, the Federal Communications Commission launched the National Broadband Plan in 2010 to provide 100 million American households with access to 100 Mbit/s connections by 2020. ![]() Policymakers have traditionally limited their interventions to a few targeted rural areas, but this attitude has recently changed. In the last decades, the break-up of incumbent monopolies have allowed internet service providers (ISPs) such as telecom and cable operators to freely supply their services. In a recent bestseller, Michael Lewis ( 2014) argues that superfast connections have even been used by high-frequency traders to rig the US equity market. The possibilities that come with faster internet access are countless – video streaming, e-commerce, or telecommuting, to name just a few. Fast broadband has arguably become one of the critical infrastructures in the 21th century. ![]()
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