Daniel Davies has an interesting post on why micropayments, which are often posited as a panacea to get around problems with charging for Internet-based content, are a lot more complicated than it would seem. The short version is that going from “free” to “nearly free” imposes a surprising number of new transaction costs on a system. He even gets in a Superman 3 reference, which is always good.

FILED UNDER: Economics and Business, ,
James Joyner
About James Joyner
James Joyner is Professor and Department Head of Security Studies at Marine Corps University's Command and Staff College and a nonresident senior fellow at the Scowcroft Center for Strategy and Security at the Atlantic Council. He's a former Army officer and Desert Storm vet. Views expressed here are his own. Follow James on Twitter @DrJJoyner.