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Winners, Losers, and Microsoft : Competition and Antitrust in High Technology by Stephen E. Margolis and Stan J. Liebowitz (2001, Trade Paperback)
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Winners, Losers & Microsoft by Stan J. Liebowitz, Stephen E. Margolis, Jack Hirshleifer. Title Winners, Losers & Microsoft. Format Paperback.
- Buy It NowWinners, Losers & Microsoft: Competition and Antitrust in High Technology by Sta
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About this product
Product Identifiers
PublisherIndependent Institute, T.H.E.
ISBN-100945999844
ISBN-139780945999843
eBay Product ID (ePID)1792075
Product Key Features
Edition2
Book TitleWinners, Losers, and Microsoft : Competition and Antitrust in High Technology
Number of Pages302 Pages
LanguageEnglish
TopicIndustries / Computers & Information Technology, Commerce, Government & Business, Corporate & Business History
Publication Year2001
IllustratorYes
FeaturesNew Edition
GenreBusiness & Economics
AuthorStephen E. Margolis, Stan J. Liebowitz
FormatTrade Paperback
Dimensions
Item Height0.8 in
Item Weight16 Oz
Item Length9 in
Item Width6 in
Additional Product Features
Intended AudienceTrade
Reviews"If only the Clinton Justice Department read Winners, Losers & Microsoft , the American economy would be spared much pain and legal expense. Stan Liebowitz and Stephen Margolis really know their stuff, and they can write too." — Wall Street Journal, "Th[is] fascinating history and analysis can guide us toward a better understanding of the newer forms of competition." --Jack Hirshleifer, professor of economics, UCLA, "Everyone interested in public policy toward high technology industries will want to read this excellent book." --Sam Peltzman, professor of economics, University of Chicago , "Powerful stuff,Winners, Losers & Microsoftpromises to have an important impact on the debate about the appropriate use of antitrust in high-technology markets. It does indeed exhibit a very high caliber of scholarship, addresses the key questions posed by the proponents of anti-competitive 'lock-in,' and bases its conclusions on a wealth of new empirical evidence." -William F. Shughart II, Barnard Distinguished Professor of Economics, University of Mississippi, "Powerful stuff, Winners, Losers & Microsoft promises to have an important impact on the debate about the appropriate use of antitrust in high-technology markets. It does indeed exhibit a very high caliber of scholarship, addresses the key questions posed by the proponents of anti-competitive 'lock-in,' and bases its conclusions on a wealth of new empirical evidence." —William F. Shughart II, Barnard Distinguished Professor of Economics, University of Mississippi, "If only the Clinton Justice Department read Winners, Losers & Microsoft , the American economy would be spared much pain and legal expense. Stan Liebowitz and Stephen Margolis really know their stuff, and they can write too." -- Wall Street Journal, "Features what appears to be the first systematic look at the real-world history of the software industry." -- Wired News, "In Winners, Losers & Microsoft , economists Liebowitz and Margolis present powerful evidence that Microsoft lowered prices." -- Newsweek, "If only the Clinton Justice Department read Winners, Losers & Microsoft, the American economy would be spared much pain and legal expense. Stan Liebowitz and Stephen Margolis really know their stuff, and they can write too." -Paul Gigot, Wall Street Journal, "Th[is] fascinating history and analysis can guide us toward a better understanding of the newer forms of competition." --Jack Hirshleifer, professor of economics, UCLA, "Everyone interested in public policy toward high technology industries will want to read this excellent book." --Sam Peltzman, professor of economics, University of Chicago, "Features what appears to be the first systematic look at the real-world history of the software industry." — Wired News, "Powerful stuff, Winners, Losers & Microsoft promises to have an important impact on the debate about the appropriate use of antitrust in high-technology markets. It does indeed exhibit a very high caliber of scholarship, addresses the key questions posed by the proponents of anti-competitive 'lock-in,' and bases its conclusions on a wealth of new empirical evidence." -William F. Shughart II, Barnard Distinguished Professor of Economics, University of Mississippi, "Features what appears to be the first systematic look at the real-world history of the software industry." -Wired News, "In Winners, Losers & Microsoft , economists Liebowitz and Margolis present powerful evidence that Microsoft lowered prices." — Newsweek, "In Winners, Losers & Microsoft , economists Liebowitz and Margolis present powerful evidence that Microsoft lowered prices." -- Newsweek, "Features what appears to be the first systematic look at the real-world history of the software industry." -- Wired News, "If only the Clinton Justice Department readWinners, Losers & Microsoft, the American economy would be spared much pain and legal expense. Stan Liebowitz and Stephen Margolis really know their stuff, and they can write too." -Wall Street Journal, "Everyone interested in public policy toward high technology industries will want to read this excellent book." -Sam Peltzman, professor of economics, University of Chicago , "Powerful stuff, Winners, Losers & Microsoft promises to have an important impact on the debate about the appropriate use of antitrust in high-technology markets. It does indeed exhibit a very high caliber of scholarship, addresses the key questions posed by the proponents of anti-competitive 'lock-in,' and bases its conclusions on a wealth of new empirical evidence." --William F. Shughart II, Barnard Distinguished Professor of Economics, University of Mississippi, "InWinners, Losers & Microsoft, economists Liebowitz and Margolis present powerful evidence that Microsoft lowered prices." -Newsweek, "Everyone interested in public policy toward high technology industries will want to read this excellent book." —Sam Peltzman, professor of economics, University of Chicago , "Th[is] fascinating history and analysis can guide us toward a better understanding of the newer forms of competition." -Jack Hirshleifer, professor of economics, UCLA, "Th[is] fascinating history and analysis can guide us toward a better understanding of the newer forms of competition." —Jack Hirshleifer, professor of economics, UCLA
Edition DescriptionNew Edition
SynopsisHave the antitrust actions by the Department of Justice against Microsoft and other firms really intended to protect consumers, or are they politically motivated attempts to help competitors achieve what they could not achieve in the marketplace? Can dominant companies in a market, such as Microsoft, "lock in" inferior technologies and thereby stifle innovation and would-be competitors? Do "network effects"--the fact that some products, such as telephones and fax machines, increase in value as more people use them--result in monopolies even if dominant companies do not seek to create monopolies? Do the current antitrust laws discourage entrepreneurship and innovation? Will the robust high tech competition and tremendous technological advances of recent years continue if government steps up its antitrust actions? Winners, Losers & Microsoft addresses such questions and sheds light on the real workings of the high tech markets. Through extensive research and insightful analysis, Professors Liebowitz and Margolis shatter many long-held beliefs about competition in the high technology industries. Among their surprising findings: Software prices fall dramatically in markets where Microsoft is a major player, but prices show no strong tendency to fall over time if Microsoft is not a factor in a given market. Claims that dominant but inferior technologies can "lock out" better competitive products are not supported by the data. This not only applies to software, but also to other technology markets (i.e. VHS vs. Beta video recorder battles). Superior products tend to dominate in high technology, even if inferior products are backed by lots of money. For example, Intuit's Quicken has dominated Microsoft Money for several years despite intensive efforts by Microsoft to promote Money. And AOL has significantly increased its market share in recent years even through Microsoft incorporated software for the Microsoft Network into its Windows operating system. Liebowitz and Margolis demonstrate how a high-tech company can go from a dominant market leader--as Lotus once was in spreadsheets--to an also-ran with astonishing speed. They show that free markets in high technology do a remarkable job of continually delivering better products at lower prices to consumers. Winners, Losers & Microsoft makes a compelling case that the real danger to American high technology leadership is a too powerful, too intrusive government which believes it knows consumer preferences and needs better than they do. This book is a cogent, tightly argued rebuttal to frequent calls for greater government intervention in the high technology markets., Few issues in high technology are as divisive as the current debate over competition, innovation, and antitrust. Analyzing famous examples of economic "lock-in" by dominant corporations of supposedly inferior products, this book makes the case that free markets in high technology industry deliver better products to consumers, at lower prices, without government intervention. This publication's careful scholarship, well-founded hypotheses, and refutations of previously accepted theories--extending far beyond the Microsoft case--make this publication a vital piece of understanding for the future of technology and economics., Makes the case that free markets in high technology industry deliver better products to consumers, at lower prices, without government intervention. This publication's careful scholarship, well-founded hypotheses, and refutations of previously accepted theories-extending far beyond the Microsoft case-make this publication a vital piece of understanding for the future of technology and economics.
LC Classification NumberHD9696.63.U64M5364
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