{"product_id":"tech-monopoly-isbn-9780262548748","title":"Tech Monopoly","description":"\u003cb\u003eA serious look at competition problems in tech markets and whether antitrust law can help address them.\u003cbr\u003e\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eIn recent years, the astronomical rise of tech giants like Amazon, Apple, Meta, and Microsoft has been criticized as anticompetitive, and many have wondered if antitrust law can help protect workers and consumers. In \u003ci\u003eTech Monopoly\u003c\/i\u003e, Herbert Hovenkamp explores competition problems in a wide range of high-tech firms—from those that sell purely digital products, such as video streaming, search, software, or email services, to others that sell more traditional “tactile” products, such as hardware, clothing, groceries, or rides. He offers a realistic look at the powers and limitations of antitrust law in tech markets with an assessment that is as comprehensive as it is accessible.\u003cbr\u003e\u003cbr\u003eAfter a general introduction to antitrust law, \u003ci\u003eTech Monopoly\u003c\/i\u003e considers how competitive harm should be assessed in these markets, as well as some features that make these markets unique, including “two-sided” structures. Then Hovenkamp looks at the role of large digital platforms, including Amazon, Alphabet, Apple, Meta, and Microsoft, and considers whether their size alone is an antitrust problem or if the concern should be limited to market power. Finally, the author addresses the very difficult problem of remedies. Should we “break up” big tech, and if so, how? What kind of breakup of these firms would make users or others better off? And if breakups are \u003ci\u003enot\u003c\/i\u003e the only possible antitrust fix, are there more effective and less disruptive alternatives?\u003cbr\u003e\u003cbr\u003eOffering simple explanations of the complex economics of digital platform markets, \u003ci\u003eTech Monopoly\u003c\/i\u003e is an important read for anyone who wishes to understand how antitrust law works and whether it can help defend competition in the formidable era of big tech.Preface: Antitrust and Big Tech   v\u003cbr\u003eChapter 1: Introduction: the Antitrust Laws 1\u003cbr\u003eA Thumbnail History 1\u003cbr\u003eThe Scope of Antitrust 5\u003cbr\u003eWhat Conduct Violates the Antitrust Laws? 8\u003cbr\u003eRestraints of Trade, Horizontal and Vertical 8\u003cbr\u003eMonopolization 13\u003cbr\u003ePrice Discrimination 15\u003cbr\u003eAnticompetitive Mergers 17\u003cbr\u003eAntitrust and Economics 19\u003cbr\u003eThe Principal Schools of Antitrust Thought 22\u003cbr\u003eConclusion: the Goals of the Antitrust Laws 27\u003cbr\u003eChapter 2: Antitrust and Power 30\u003cbr\u003eMarket Power 30\u003cbr\u003e“Power?” or “Size”? 38\u003cbr\u003eMarket Power and Efficiencies 43\u003cbr\u003eMarket Power, Patents and Other Intellectual Property Rights 47\u003cbr\u003eWhen Must Market Power Be Measured? The Per Se Rule 50\u003cbr\u003eThe Rule of Reason 51\u003cbr\u003e“Switching Costs” and Barriers to Entry 53\u003cbr\u003eHuman Behavior and Market Power 59\u003cbr\u003eTwo-Sided Platforms, Attention Markets, and “Winner-Take-All” 61\u003cbr\u003eChapter 3: Anticompetitive Conduct and Big Tech 66\u003cbr\u003eIntroduction 66\u003cbr\u003eThe Nature of Competitive Injury 68\u003cbr\u003eMonopolization: Exclusionary Practices by Dominant Firms 70\u003cbr\u003eRefusal to Deal and “Self-preferencing” 72\u003cbr\u003eAnticompetitive Practices Involving Intellectual Property (IP) 78\u003cbr\u003eAnticompetitive Distribution, Including Pricing 82\u003cbr\u003eAttempt to Monopolize and “Abuse of Dominance” 87\u003cbr\u003eAnticompetitive Agreements and Default Rules 90\u003cbr\u003eAnticompetitive Tech Mergers 98\u003cbr\u003eConclusion 102\u003cbr\u003eChapter 4: Antitrust Solutions for Tech Monopoly Problems 104\u003cbr\u003eIntroduction 104\u003cbr\u003eRemedies and Causation 107\u003cbr\u003eInjunctions and Damages 109\u003cbr\u003eStructural Remedies – “Breakups” 112\u003cbr\u003eBreaking \u003ci\u003eInto\u003c\/i\u003e the Monopoly 114\u003cbr\u003eRemedies and “Winner-Take-All” Markets 117\u003cbr\u003eInteroperability and Portability as Antitrust Remedies 122\u003cbr\u003eReorganizing Management Instead of Firms 133\u003cbr\u003eConclusion 137\u003cbr\u003eGlossary 138\u003cbr\u003eSuggestions for Further Reading 147Herbert Hovenkamp is the James G. Dinan University Professor at the University of Pennsylvania Carey Law School and the Wharton School. He is a Fellow of the American Academy of Arts and Sciences, and in 2008, he won the Justice Department’s John Sherman Award for lifetime contributions to antitrust law.","brand":"The MIT Press","offers":[{"title":"Default Title","offer_id":44862369267941,"sku":"NP9780262548748","price":16.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780262548748.jpg?v=1767737836","url":"https:\/\/k12savings.com\/es\/products\/tech-monopoly-isbn-9780262548748","provider":"K12savings","version":"1.0","type":"link"}