> Importantly, they should continue doing this (raising the price of adverts on HTTPS-only pages, due to the increased demand), until the price per click etc. i

> Importantly, they should continue doing this (raising the price of adverts on HTTPS-only pages, due to the increased demand), until the price per click etc. is the same for HTTPS-only and "normal" sites. Why does this not happen? > iv) Advertisers are turning down free money (highly unlikely). One explanation: You are modeling advertisers' behavior similar to a control system having integral gain and/or bandwidth higher than the timeframe of the disturbance (HTTPS adoption rate). In practice, it may be that the market's optimization is using only proportional gain and/or lower bandwidth. Such a system merely reduces the impact of differing market sizes for HTTPS support, without eliminating it, or perhaps takes more time to eliminate it.