Thies Lindenthal at the Department of Land Economy in Cambridge has published an unusual paper in the Journal of Real Estate Finance and Economics. Called “Monocentric Cyberspace: The Primary Market for Internet Domain Names”, it’s a pretty wide definition of real estate. He analyses the pattern of demand for top level domain names (.com, .edu etc.) drawing upon models from urban economics. He applies the monocentric city model to virtual space demonstrating that an equivalent to commuting costs can be constructed from differences in linguistic properties of domain names. It even got mentioned in the FT.