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Competition, Innovation and the Microsoft Monopoly: Antitrust in the Digital Marketplace - Proceedings of a conference held by The Progress & Freedom Foundation in Washington, DC February 5, 1998 (Paperback, Softcover reprint of the original 1st ed. 1999)
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Competition, Innovation and the Microsoft Monopoly: Antitrust in the Digital Marketplace - Proceedings of a conference held by The Progress & Freedom Foundation in Washington, DC February 5, 1998 (Paperback, Softcover reprint of the original 1st ed. 1999)
Expected to ship within 10 - 15 working days
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Do the antitrust laws have a place in the digital economy or are
they obsolete? That is the question raised by the government's
legal action against Microsoft, and it is the question this volume
is designed to answer. America's antitrust laws were born out of
the Industrial Revolution. Opponents of the antitrust laws argue
that whatever merit the antitrust laws may have had in the past
they have no place in a digital economy. Rapid innovation makes the
accumulation of market power practically impossible. Markets change
too quickly for antitrust actions to keep up. And antitrust
remedies are inevitably regulatory and hence threaten to `regulate
business'. A different view - and, generally, the view presented in
this volume - is that antitrust law can and does have an important
and constructive role to play in the digital economy. The software
business is new, it is complex, and it is rapidly moving. Analysis
of market definition, contestibility and potential competition, the
role of innovation, network externalities, cost structures and
marketing channels present challenges for academics, policymakers
and judges alike. Evaluating consumer harm is problematic.
Distinguishing between illegal conduct and brutal - but legitimate
- competition is often difficult. Is antitrust analysis up to the
challenge? This volume suggests that antitrust analysis `still
works'. In stark contrast to the political rhetoric that has
surrounded much of the debate over the Microsoft case, the articles
presented here suggest neither that Microsoft is inherently bad,
nor that it deserves a de facto exemption from the antitrust laws.
Instead, they offer insights - for policymakers, courts,
practitioners, professors and students of antitrust policy
everywhere - on how antitrust analysis can be applied to the
business of making and marketing computer software.
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