The Internet ecosystem comprising of thousands of Autonomous Systems (ASes) now include Internet eXchange Points (IXPs) as another critical component in the infrastructure. Peering plays a significant part in driving the economic growth of ASes and is contributing to a variety of structural changes in the Internet. IXPs are a primary component of this peering ecosystem and are playing an increasing role not only in the topology evolution of the Internet but also inter-domain path routing. In this dissertation we study and analyze the overall affects of peering and IXP infrastructure on the Internet. We observe IXP peering is enabling a quicker flattening of the Internet topology and leading to over-utilization of popular inter-AS links. Ind...