Milton,

When the municipal government in (say) Syracuse creates/recognizes "air 
rights" over a downtown building, and those become marketable and the 
next property buys them to build a tall building next door, they are a 
product.  From the vantage point of a trained economist, I don't see how 
the notion of product will not be brought to bear here. There are too 
many legal issues and externalities involved for that to not happen.

As for ICANN, let the process unfold and in a decade, or less, after 
some case law and interventions at various levels of governance, we can 
revisit your question.
I am happy to stand or fall based on the evidence as it rolls out, or or 
doesn't.

Sam

On 31/03/2015 10:06 AM, Milton L Mueller wrote:
>
> *From:*Sam Lanfranco [mailto:[log in to unmask]]
>
> I purposefully used "product" since the mantra within ICANN is that 
> being a "/regulator and coordinator of the global DNS/" means that it 
> is not engaged in product production.
>
> And you think it is engaged in product production? What is its 
> product, pray tell?
>