Beckstrom's Law is a new model or theorem of economics formulated by Rod Beckstrom. It purports to answer 'the decades old question of "how valuable is a network."' It is granular and transactions based and can be used to value any network. It applies to any network: social networks, electronic networks, support groups and even the Internet as a whole. To read a white paper explaining the law and mathematics in detail, please see Economics of Networks. This new model values the network by looking from the edge of the network at all of the transactions conducted and the value added to each. It states that one way to contemplate the value the network adds to each transaction is to imagine the network being shut off and what the additional transactions costs or loss would be.
http://www.blackhat.com/html/bh-usa-09/bh-usa-09-speakers.html#Beckstrom
