Microsoft and Browsers: Are the Antitrust Problems Really New?
New York University, Center for Law and Business, Working Paper No. 98-018
23 Pages Posted: 14 Jul 1999
Date Written: March 1998
The question of Microsoft's market power (if any) and what to do about it (if anything) has attracted a great deal of attention in the political world and the media, as well as by specialists in antitrust policy. It has also generated significant antitrust litigation. A common claim in the media is that the antitrust laws, written a century ago for application to "smokestack industries," are difficult to apply to the software industry (and to other information-based industries). This paper will argue that, contrary to these claims, the antitrust issues surrounding Microsoft are not new and can be readily comprehended by use of an analogy to a familiar (and relatively low tech) industry, railroads.
JEL Classification: L86
Suggested Citation: Suggested Citation
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By Ting-kun Liu