Winners, Losers & Microsoft; Competition and Antitrust in High Technology

  • Authors:

  • Stanley J. Liebowitz;Stephen E. Margolis

  • Affiliations:

  • -;-

  • Venue:
  • Winners, Losers & Microsoft; Competition and Antitrust in High Technology
  • Year:
  • 1999

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Abstract

From the Book:In what for many readers will be the most exciting portion of the book, the authors go on to examine histories of alleged market failures, starting with QWERTY. Were producers and consumers actually locked into inferior market solutions? And if not, what devices were employed to escape the supposed trap? I will say no more on this topic here, so as not to take the edge off the authors' accounts of the creativity and ingenuity displayed by both suppliers and consumers in the competitive battle for critical mass. ....The fascinating history and analysis in Winners, Losers and Microsoft can guide us toward a better understanding of the newer forms of competition that have been mainly responsible for the success of the modern American economy in recent decades.— Jack Hirshleifer, Professor of Economics; University of California, Los Angeles