| Title: |
Market Leaders, Antitrust Policy and the Software Market |
| Authors: |
Federico Etro; Jel Code L |
| Contributors: |
The Pennsylvania State University CiteSeerX Archives |
| Source: |
http://www.cresse.info/uploadfiles/MicrosoftCase.pdf. |
| Collection: |
CiteSeerX |
| Description: |
I apply the theory of market leaders and endogenous market structures developed in Etro (2007) to the analysis of an important market of the New Economy, the software market. First, I describe its evolution and different aspects of competition in the market and for the market. Then, I analyize the antitrust cases concerning Microsoft and develop new theoretical arguments on the role of this market leader in its sector and on the bundling and interoperability parts of the European case. A recent growing literature has analyzed from a theorical and empirical point of view the role of market leaders in sectors with barriers to entry and with en-dogenous entry. In particular Etro (2007)1 has developed a full fledged theory of market leaders and based a new approach to antitrust policy on this. This article starts from those results and studies an important example of market leadership and technological leadership, that of Microsoft in the software market, which is also associated with well known antitrust cases. The choice of Microsoft as a symbol of market leadership is somewhat natural: Microsoft is one of the most visible and relevant companies in the New Economy, one of the most innovative firms in one of the most dynamic industries. The antitrust cases in which this company has been involved in both the US and the EU attracted primary at-tention of media, policymakers and observers. Many important economists were |
| Document Type: |
text |
| File Description: |
application/pdf |
| Language: |
English |
| Relation: |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.600.2990; http://www.cresse.info/uploadfiles/MicrosoftCase.pdf |
| Availability: |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.600.2990; http://www.cresse.info/uploadfiles/MicrosoftCase.pdf |
| Rights: |
Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| Accession Number: |
edsbas.1D31A92C |
| Database: |
BASE |