Figure 1 - uploaded by Thies Lindenthal
Content may be subject to copyright.
Number of registered domain names for selected TLDs. A heated race for the best domain names sprung up since the first domain name in history, symbolics.com, was created in March 1985. By now more than 246 million unique domain names are registered (Verisign, 2012), with no end of growth in total numbers in sight. (Data from Zooknic [http://www.zooknic.com] and ICANN [http://www.icann.org/en/resources/registries/reports].)

Number of registered domain names for selected TLDs. A heated race for the best domain names sprung up since the first domain name in history, symbolics.com, was created in March 1985. By now more than 246 million unique domain names are registered (Verisign, 2012), with no end of growth in total numbers in sight. (Data from Zooknic [http://www.zooknic.com] and ICANN [http://www.icann.org/en/resources/registries/reports].)

Source publication
Article
Full-text available
This paper estimates the first constant quality price index for Internet domain names. The suggested index pro- vides a benchmark for domain name traders and investors looking for information on price trends, historical returns and the fundamental risk of Internet domain names. The index increases transparency in the market for this newly emerged a...

Contexts in source publication

Context 1
... a result of this liberal first-come-first-serve approach, the number of domain names grew rapidly in the past decade. Figure 1 shows the growth in the total number of registered .com/.net/.org domains since 1998. ...
Context 2
... such as COM or NET are like cities in virtual space. As for "real" metropolitan areas, demand for space determines both the size of the virtual agglomeration measured in total number of domains registered ( Figure 1) and, simultaneously, the differences in prices paid for space in the centers of these "cities" (Table 6). Higher demand for a specific extension results in both more "sprawl" and new initial registrations, and in higher prices paid for locations within this agglomeration. ...

Similar publications

Article
Full-text available
We investigate the long-run relationship between profitability, liquidity and capitalization for companies acting in the public administration and defense sector from Hungary and Romania, using firm-level data for the period 2006–2015. Our panel cointegration analysis proves the existence of a long-run relationship between the analyzed variables. T...
Conference Paper
Full-text available
Impact de la politique monétaire sur la courbe des taux d'intérêt et sur le marché boursier : Cas du Maroc M. Outmane SOUSSI NOUFAIL Université Mohammed V-Rabat, Faculté des Sciences Juridiques, Économiques et Sociales-Salé M. Mohsine AIT CHEIKH Université Hassan II-Casablanca, Faculté des Sciences Juridiques, Economiques et Sociales-Ain chock M. A...
Article
Full-text available
This paper examines the quantile cointegration relation between human development, energy production, and economic growth by incorporating corruption into the model for Pakistan through Quantile Autoregressive Distributed Lag (QARDL) model covering the period from 1965 to 2016. The research findings indicate that the association is quantile depende...
Article
Full-text available
This paper investigates the long run hedging ability of precious metals against the risks associated with adverse conditions of economic and financial variables for Pakistan, the USA, China, and India. Monthly data of gold, silver, platinum, stock returns, exchange rate, industrial production, and inflation was collected for the selected economies....
Article
Full-text available
The purpose of this empirical research is estimation of the long-term price and income trade elasticities and their practical application in Thirlwall's economic growth model in the case of the Republic of Macedonia. The estimation is based on ARDL modeling, as one of the most used procedures for testing the cointegrating relationship between varia...

Citations

... The domain name market is distinctive. On the one hand, there are known criteria, on the basis of which one can determine the value of a particular domain name, while on the other hand, the value of concluded transactions and the price of domain names offered on the secondary market are very diverse [7]. ...
... Website appraisal is different than domain name appraisal, in particular in terms of appraisal criteria ( Table 2). This is because the value of a domain name depends on factors such as: the length and popularity of words used in the name, its suffix, characteristic features of the industry and market on which it can be used and transaction prices regarding the sale of similar domain names on the market [7]. The general value of a website includes the value of the domain name and web application as well as potential for generating income based on its market position. ...
Preprint
Full-text available
Both domain names and entire websites are increasingly frequently treated as assets, the value of which can be appraised. The objective of the present thesis was to verify the credibility of domain name appraisals obtained using generally available web applications in an automated, algorithmic way. In conclusions section, it was mentioned that the terms domain name appraisal and website appraisal are frequently equated. It was also shown that algorithms used in the tested applications consider parameters characterising websites. Thus, they cannot be used to verify the value of domain names themselves. Moreover, during the analysis of the pattern of operation of the appraisal websites it was noticed that they were not made available with domain name or website appraisals in mind. Their objective was to acquire and intercept online traffic. Such applications also left cookie files on recipients' devices, which were then used by advertising systems based on the re-marketing concept.
... In virtual space, a comparable rent gradient can be observed: Sought-after virtual Bdowntown locations^transact for several million USD (The Economist Online 2010), similar to locations in the centers of brick-and-mortar cities, while domains located in the cyber-periphery trade for a fraction of the central spaces' values only (Lindenthal 2014). Analogous to the monocentric city model, differences in prices of virtual locations can be explained by the differences in distance to a central location. ...
... Second, the re-sale prices of registered domain names have risen 63 % from 2006 through 2012 (Lindenthal 2014). These rising prices are indicative of the demand for virtual locations outpacing the supply of available attractive names and that competition drives up prices for Bcentral^domains. ...
... Third, the Internet Corporation for Assigned Names and Numbers (ICANN), the non-profit organization regulating the Domain Name System (DNS), has initiated the release of 1400 new Top Level Domains (TLD) that will augment the current selection of 22 global extensions like COM, EDU, NET or ORG (Internet Corporation for Assigned Names and Numbers 2014). Entrepreneurs have made large bets on the right to monetize these new swathes of cyberspace, putting down about 350 million USD in application fees (Internet Corporation for Assigned Names and Numbers 2013) and (2014) and Zook (2015), domain price index from Lindenthal (2014), number of global internet users from Worldbank (2005) investing billions more for the necessary infrastructure needed to manage the new space. Clearly, they have trust in being able to serve a previously unmet demand. ...
Article
Full-text available
Cyberspace is no different from traditional cities, at least in economic terms. Urban economics governs the creation of new space on the Internet and explains location choices and price gradients in virtual space. This study explores registration dynamics in the largest primary market for virtual space: Internet domain names. After developing a framework for domain registrations, it empirically tests whether domain registrations are constrained by the depletion of unregistered high quality domain names. Estimations based on registrations of COM domain names suggest that the number of domains expands substantially slower than the growth in overall demand for domain space. Supplying alternative domain extensions can relax the shortage in domains in the short term.
... Bankability of domain names and value destroying issues as cybersquatting will also be considers, together with some dispute resolution principles. The evaluation of domain names has already been investigated in the literature (seeTang et al., 2014;Lindenthal, 2014;Dieterle and Bergmann, 2014;Meystedt, 2015). This paper is however original for two main reasons: 1. it considers evaluation issues within a general appraisal framework of intangibles, going beyond " quick & dirt " algorithms; 2. the appraisal considers domain names and their related websites either as a stand-alone asset or within a synergistic portfolio of web intangibles that includes digital trademarks and Mobile apps. ...
Article
Full-text available
Web domain names represent the gateway to Internet connections and access to specific websites. Their value depends on several parameters, as Web traffic or search engines, and is typically calculated with " quick and dirt " algorithms freely available on the Web. The value of a web domain depends on its capacity to attract traffic, i.e. visitors, and to transform them into cash-generating customers. All domain names are unique and so there is no standard valuation method, especially if they are appraised within an IT bundle of related intangibles. Tentative comparable transactions represent anyway a benchmark for valuation, considering even the hypothesis of licensing the domain name to get a fair royalty. Domain name appraisal is also a prerequisite for forensic estimates of damages in disputes. A more detailed appraisal should consider not only the stand-alone value of a domain name, but rather its synergies with collateral intangibles as websites, digital brands, or M-Apps.
... While obviously there are subjective factors when buyers valuate a domain, sales prices are not randomly distributed but are dependent on different domain parameters. The domain name market as a whole has been analysed by Lindenthal (Lindenthal 2014), (Lindenthal 2016) using the database of Sedo.com. A constant quality price index was developed to illustrate the parallels between domain market and stock market behaviours. ...
... While obviously there are subjective factors when buyers valuate a domain, sales prices are not randomly distributed but are dependent on different domain parameters. The domain name market as a whole has been analysed by Lindenthal (Lindenthal 2014), (Lindenthal 2016) using the database of Sedo.com. A constant quality price index was developed to illustrate the parallels between domain market and stock market behaviours. ...
... In the first part of our study the parameters influencing domain auction values were defined. There are publications indicating the commercial significance of words and their meanings in the context of domain names (Lindenthal 2014), (Lindenthal 2016). Effective marketing in search engine results depends at least in part on domain names (Mueller 1998). ...
Article
Full-text available
As connected devices multiply and the internet matures into a ubiquitous platform for exchange and communication, the question of what makes a domain name valuable is ever more significant. Due to the scarcity of meaningful vocabulary and the persistence of domain-related data, the buying and selling of previously owned domain names, also known as the domain aftermarket, has evolved into a billion dollar industry. Each day over a 100,000 domain names expire and become available for re-registration. Manual appraisal is impossible at such a volume; thus a method for the automated identification of valuable domain names is called for. The aim of our study was to develop a method for high throughput screening of domain names for rapid identification of the valuable ones. Five different aspects that make a domain name valuable were identified: name quality, domain authority, domain traffic, active domain age and domain health. An SVM method was developed for high throughput screening of domain names. Our method was able to identify valuable domain names with 97% accuracy for the test set and 93% for the external set and can be used for routinely screening the domain aftermarket.
... It identifies the operator and can be a trademark as well as the basis for a marketing strategy. A properly selected name allows a given operator to be distinguished, to point to a line of business, offer an assortment of services, and determine its range of impact (LINDENTHAL 2014, PAWLAK 2014). An attractive internet address can be seen in statistics for website visits which with its preparation can influence the results (BARTOSIAK 2010). ...
Article
Full-text available
Many agrotourist farms use the potential of websites to distinguish their offer from others to attract as many guests as possible. However, maintaining a website is connected with a range of costs, e.g. registering the domain and the hosting package. Searching for cost savings, the owners of agrotourist farms often face the dilemma of choosing between a payable website and its free equivalent. The aim of this article is to analyse internet addresses as regards their type and potential, both informative and marketing. The surveys were carried out on a set of 1,121 websites. The analysis included domain names (main names) as well as domain extensions, paying special attention to type and indicating sub-domains at the same time. Division into payable and free was looked for as well. In conclusion, it is shown that the owners of agrotourist farms mostly use national domains, choosing addresses in functional, regional or European domains less frequently. Moreover, they relatively rarely use addresses created on free services. In their place, they choose free sub-domains often created in the domain of the provider hosting a regional (informative) portal or another.
... Podstawą wszystkich działań w Internecie jest domena internetowa, która często stanowi wartościowy kapitał przedsiębiorstwa, bywa znakiem firmowym i podstawą strategii marketingowej. Odpowiednio dobrana nazwa umożliwia wyróżnienie danego podmiotu, wskazanie branży, w której funkcjonuje, asortymentu, który oferuje lub zakresu świadczonych usług, a także określenie zasięgu jego oddziaływania (LINDENTHAL 2014, PAWLAK 2014. Atrakcyjny adres internetowy może mieć przełożenie na statystyki odwiedzin witryny, co w połączeniu z jej odpowiednim przygotowaniem może wpłynąć na konwersję celu (BARTOSIAK 2010). ...
Article
Full-text available
Celem autora artykułu była analiza adresów internetowych gospodarstw agroturystycznych pod kątem ich rodzaju oraz potencjału – informacyjnego i marketingowego. Badania wykonano w zbiorze 1121 witryn internetowych. Analizie poddano nazwy domenowe (nazwy główne) oraz rozszerzenia domen pod kątem ich rodzaju, z jednoczesnym oznaczeniem subdomen. Dokonano także podziału domen na płatne i bezpłatne. W konkluzji wykazano, że właściciele gospodarstw agroturystycznych najczęściej posługują się domenami krajowymi. Rzadziej wybierają adresy w domenach funkcjonalnych, regionalnych i europejskiej. Ponadto relatywnie rzadko posługują się adresami utworzonymi w serwisach bezpłatnych. Zamiast nich wybierają bezpłatne subdomeny, często utworzone w domenie dostawcy hostingu, portalu regionalnego (informacyjnego) lub innego.
... It identifies the operator and can be a trademark as well as the basis for a marketing strategy. A properly selected name allows a given operator to be distinguished, to point to a line of business, offer an assortment of services, and determine its range of impact (LINDENTHAL 2014, PAWLAK 2014). An attractive internet address can be seen in statistics for website visits which with its preparation can influence the results (BARTOSIAK 2010). ...
Article
Full-text available
Many agrotourist farms use the potential of websites to distinguish their offer from others to attract as many guests as possible. However, maintaining a website is connected with a range of costs, e.g. registering the domain and the hosting package. Searching for cost savings, the owners of agrotourist farms often face the dilemma of choosing between a payable website and its free equivalent. The aim of this article is to analyse internet addresses as regards their type and potential, both informative and marketing. The surveys were carried out on a set of 1,121 websites. The analysis included domain names (main names) as well as domain extensions, paying special attention to type and indicating sub-domains at the same time. Division into payable and free was looked for as well. In conclusion, it is shown that the owners of agrotourist farms mostly use national domains, choosing addresses in functional, regional or European domains less frequently. Moreover, they relatively rarely use addresses created on free services. In their place, they choose free sub-domains often created in the domain of the provider hosting a regional (informative) portal or another.
... For about 15 years, domain space was structured into roughly 22 global Top Level Domains (gTLD) like COM, ORG or NET, and several hundred country code Top Level Domains (ccTLDs) among which DE, CO.UK, NL, ES, and FR are most frequently used. Lindenthal (2014) documents substantial price differences among TLDs after controlling for all other domain characteristics using a repeat sales framework. Figure 1 presents the number of observations for the 11 most frequent TLDs in the sample. ...
Conference Paper
We investigate price finding of buyers and sellers of Internet domains. We develop a hedonic model for domain prices, controlling for differences in domain quality along multiple dimensions and test the model empirically on a large dataset of domain transactions observed at secondary domain markets. We document differences in the implicit prices for selected domain attributes across different types of buyers: domain developers, who subsequently launch websites on the purchased domains, price differently from domain investors. We find no evidence of sellers being able to discriminate between the different buyer types.
Chapter
Full-text available
Web domain names represent the gateway to Internet connections and access to specific websites. Their value depends on several parameters, as web traffic or search engines, and is typically calculated with “quick and dirty” algorithms freely available on the web. The value of a web domain depends on its capacity to attract traffic, i.e., visitors, and to transform them into cash-generating customers. All domain names are unique, and so there is no standard valuation method, especially if they are appraised within an IT bundle of related intangibles. Comparable transactions represent a benchmark for valuation, considering even the hypothesis of licensing the domain name to get a reasonable royalty. A more detailed appraisal should consider not only the stand-alone value of a domain name, but rather its synergies with collateral intangibles as websites, digital brands, or M-Apps. Considerations about domain names can be easily extended to websites that represent the contents of the domain. Valuation of domain names and websites, in many cases, tends to coincide.