Chapter

Antitrust Analysis in High Technology Industries *

David J. Teece

in Managing Intellectual Capital

Published in print March 2002 | ISBN: 9780198295426
Published online November 2003 | e-ISBN: 9780191596964 | DOI: http://dx.doi.org/10.1093/0198295421.003.0009

Series: Clarendon Lectures in Management Studies

 Antitrust Analysis in High Technology Industries *

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Anti‐trust economics has not sufficiently recognized the nature of competition and innovation in high‐technology industries, the evolution of those industries and the implications for public policy. This chapter presents some conceptual frameworks and methods for understanding, in particular, issues of monopoly and monopolization. Understanding issues such as the nature of technological change, competition, barriers to entry, and market power are important for anti‐trust policy. Without understanding the limitations of the existing analytical tools for analysing the economics of innovation, antitrust agencies may harm competition in high‐tech industries.

Keywords: anti‐trust; competition; entry barriers; high technology; innovation; market power; monopoly; public policy; technological change

Chapter.  13891 words.  Illustrated.

Subjects: Microeconomics

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