Overview

Few issues in the high-technology field are as divisive as the raging debate over competition, innovation and antitrust. Why do certain products and technologies become dominant while others fail? Is there something about high technology that makes markets less dependable at choosing goods and services? Will the robust competition and tremendous technological advances of the past two decades continue? Or, will they be suffocated by larger firms employing monopolistic practices? Is antitrust primarily employed against monopolies to increase competition for the benefit of consumers, or is it actually a vehicle that firms use against their rivals to restrict the competitive process? Winners, Losers and Microsoft is the authoritative and in-depth book on these and other pressing questions now confronting high-technology markets.

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9780945999805

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Reviews

""Winners, Losers & Microsoft collects in a single volume the impressive scholarly work of Stanley Liebowitz and Stephen Margolis on network effects and path dependence. The authors' approach is in large part an empirical approach, and responds with evidence to empirically unsupported assertions about the ubiquitous nature of what the authors define as 'third-degree path dependence.'--BRUCE H. KOBAYASHI, Professor of Law, George Mason University ""Winners, Losers & Microsoft features what appears to be the first systematic look at the real-world history of the software industry -- and the results are sure to give Department of Justice trial attorneys the heebie-jeebies. An invaluable addition to the bookshelf of anyone interested in the Microsoft trial and future high-tech antitrust cases, the book is the best compilation that anyone's offered.""--WIRED NEWS ""Winners, Losers & Microsoft gives 'path dependence' a cold shower and sheds much-needed empirical light on the success story we call Microsoft. The book is a pleasure to read, in no small part because Liebowitz and Margolis serve up course after course of exquisite historical and institutional detail. If you want to know the real reason we use QWERTY instead of the Dvorak keyboard and why we watch videos on VHS instead of Beta, read this book.""--GEORGE N. BITTLINGMAYER, Wagnon Distinguished Professor of Economics, University of Kansas ""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, Columnist, The Wall Street Journal ""In Winners, Losers & Microsoft, economists Liebowitz and Margolis present powerful evidence that Microsoft lowered prices.""--NEWSWEEK ""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

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Stan J Liebowitz

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