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Winners, Losers & Microsoft Competition and Antitrust in High Technology by Stan J. Liebowitz, Stephen E. Margolis, Jack Hirshleifer

Winners, Losers & Microsoft Competition and Antitrust in High Technology

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Winners, Losers & Microsoft Competition and Antitrust in High Technology by Stan J. Liebowitz, Stephen E. Margolis, Jack Hirshleifer

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.


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

About the Author

Stan J. Liebowitz is a professor of managerial economics and the academic associate dean in the school of management at the University of Texas at Dallas. He has written on the topics of copyright and technology, broadcasting regulation, pricing practices, and mortgage discrimination. Stephen E. Margolis is a professor of economics and the head of the economics department in the college of management at North Carolina State University. His research includes work on housing markets, pricing of medical services, monopolistic competition, and economic efficiency in the law. They have jointly written numerous scholarly articles on the subjects of network effects and lock-in that have appeared in the Journal of Law, Economics and Organization; Harvard Journal of Law and Technology; and the Journal of Law and Economics. Their more popular articles have been published in the Christian Science Monitor, Investor's Business Daily, and the Wall Street Journal.

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Book Info

Publication date

1st March 2001


Stan J. Liebowitz, Stephen E. Margolis, Jack Hirshleifer

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Independent Institute,U.S.


302 pages


Industrialisation & industrial history
Competition law / Antitrust law



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