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Cover of Macdonald's Exemption Clauses and Unfair Terms

Macdonald's Exemption Clauses and Unfair Terms

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Antitrust Abuse in the New Economy


ISBN13: 9781840649284
ISBN: 1840649283
Published: July 2002
Publisher: Edward Elgar Publishing Limited
Format: Hardback
Price: £110.00



In this examination of the Microsoft antitrust case, Gordon critically examines the economics of the US government's arguements. The conclusion is that the government presented a sketchy, incoherent, invalid economic case and relied upon creating the impression of misdeeds to persuade the courts. The primary charge is that Microsoft possessed an impregnable monopoly in operating systems for personal computers. According to the government, Microsoft created, including in its operating system, and vigorously promoted its Internet browser solely to prevent the development of the Java/Netscape alternative. the promotion of the browser was considered predatory. Microsoft allegedly undertook similar acts against other companies. According to Gordon, the government failed to present even a clear statement of its charges and failed to substantiate the critical allegations. In this book he concentrates on the underlying economics of the case and reviews the germane theory. He presents and evaluates implicit government arguements as well as Microsoft's refutations.

Contents:
Modern economics and the Microsoft case; determinants of monopoly in theory and practice; predation, tying, vertical squeezes and other competitive tactics; QWERTY - threat or fable, towards the applications barrier to entry; introduction to the case; the treatment of monopoly in the case; Microsoft's tactics - predation, tying and threats in theory; Microsoft's tactics - preation, tying and practice; after the facts - descisions and commentary.