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The Meaning of Monopoly: Antitrust Analysis in High-Technology Industries

In: Essays In Technology Management And Policy Selected Papers of David J Teece

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  • David J. Teece
  • Mary Coleman

Abstract

The following sections are included:IntroductionCharacteristics of Industries Experiencing Rapid Technological ChangeThe Episodic Nature of Competitive DisruptionThe phenomenaImplication for antitrustIncreasing Returns and Network ExternalitiesThe phenomenon of increasing returnsImplications for antitrustNetwork EffectsThe phenomenonImplications for antitrustDecoupling of Information Flows from the Flow of Goods and ServicesThe phenomenaImplications for antitrustScarcity Rents, Schumpeterian Rents, and Monopoly RentsGeneralRicardian (Scarcity) RentsSchumpeterian (Entrepreneurial) RentsMonopoly (Porterian) RentsThe Hallmarks of Monopoly Power in High TechnologyIntroductionMarket PowerMarket DefinitionGeneralA note on switching costsA Note on Barriers to EntryMarket ShareGeneralIndustrial dynamics and concentration levelsImplications for Conduct AnalysisGeneralThe Importance of InnovationPredatory PricingTying and BundlingIntegration of Function"Vaporware" and the Premature Announcement of New ProductsLuck, Incentives, and IgnoranceConclusionAppendix A Examples of Performance CompetitionDiagnostic ImagingMicroprocessorsAppendix B A Multi-Attribute Small but Significant and Nontransitory Increase in Price (SSNIPP)

Suggested Citation

  • David J. Teece & Mary Coleman, 2003. "The Meaning of Monopoly: Antitrust Analysis in High-Technology Industries," World Scientific Book Chapters, in: Essays In Technology Management And Policy Selected Papers of David J Teece, chapter 13, pages 340-384, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812796929_0013
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    Cited by:

    1. Parsheera, Smriti & Shah, Ajay & Bose, Avirup, 2017. "Competition Issues in India's Online Economy," Working Papers 17/194, National Institute of Public Finance and Policy.
    2. Prasanth Regy & Shubho Roy, 2017. "Understanding Judicial Delays in Debt Tribunals," Working Papers id:11771, eSocialSciences.

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