The economic reasoning underlying network neutrality regulationadopted this week by the Federal Communications Commission is fundamentally flawed, according to Professors J. Gregory Sidak and David J. Teece in an article published in the Journal of Competition Law&Economics.

Sidak and Teece explain that the FCC's proposed regulations would have the effect of banning or restricting optional business-to-business transactions between broadband Internet service providers (ISPs) and content providers for enhanced delivery of packets over the Internet.

It's worth dusting this off: a simple, accurate equation that decides to the penny how much you should spend on anyone's gift this holiday season. Get cracking you slacker.