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It had been a brisk, even perfunctory, courtroom session. On August 21, 1995, Microsoft's tall, silver-haired general counsel, known for his bow ties and aristocratic reserve, was almost visibly gloating. After a long investigation into Microsoft's business practices, he stood on the courthouse steps and declared, "At the end of five years, we were willing to accommodate the government on some licensing matters, and the rest of our practices apparently passed muster." For Microsoft, this was a...

Bill Gates is one of the world's richest men and Microsoft is one of the world's most profitable business empires. "Pride Before the Fall" describes how the companies that Gates tried to bully or destroy (Netscape, Apple, Sun Microsystems, and even Intel) worked behind the scenes to help bring Gates and his company down. Based on extensive interviews with Gates, the then Assistant Attorney General, Joel Klein; Andy Grove, Chairman of Intel and other key players; it reveals the untold story behin...

Shoppers with Internet access and a bargain-hunting impulse can find a universe of products at their fingertips. In this thought-provoking expose, Ariel Ezrachi and Maurice Stucke invite us to take a harder look at today's app-assisted paradise of digital shopping. While consumers reap many benefits from online purchasing, the sophisticated algorithms and data-crunching that make browsing so convenient are also changing the nature of market competition, and not always for the better. Computers c...

First published in 2004. Routledge is an imprint of Taylor & Francis, an informa company.

This timely book examines the ever-increasing prevalence of Central Purchasing Bodies (CPBs), analysing their use and structure across different EU Member States. It argues that since CPBs are only partially regulated at EU level, their operations will depend on the legislation of the individual Member States and more importantly on the States' distinct practices and traditions. Comparative contributions consider the legal nature and structures of CPBs across 12 Member States and the UK. Throu...

This book provides a comprehensive overview of the economic and competition policy issues that buyer power creates. Drawing on economic analysis and cases from around the world, it explains why conventional seller side standards and analyses do not provide an adequate framework for responding to the problems that buyer power can create. Based on evidence that abuse of buyer power is a serious problem for the competitive process, the book evaluates the potential for competition law to deal direct...

What constitutes a fair procedure when it comes to EU competition law? This innovative book seeks to understand the philosophical considerations at the core of conflicting procedural fairness arguments in EU competition law practice. The author argues for a conceptualisation of procedural fairness as a distributional issue that can be solved by a practical fairness theory and a comprehensive methodology. To illustrate the usefulness of the conceptualisation, three procedural fairness problems f...

Do institutions matter in economic theory? Or is the economic analysis of institutions a distraction from the most important action? Indeed, does Vernon Smith’s notion of the “institution-free core” of formal economic theory encompass that most important action? Would that render an “economics of organization” almost devoid of economic content?The author takes up an approach that is more agnostic, inter-disciplinary and even a little irreverent. What can theory do and not do? Theory can stimulat...

Antitrust law regulates economic activity but differs in its operation from what is traditionally considered "regulation." Where regulation is often industry-specific and involves the direct setting of prices, product characteristics, or entry, antitrust law focuses more broadly on maintaining certain basic rules of competition. In these lectures Michael Whinston offers an accessible and lucid account of the economics behind antitrust law, looking at some of the most recent developments in antit...

This book fills a gap in the existing literature by dealing with several issues linked to long-term contracts and the efficiency of electricity markets. These include the impact of long-term contracts and vertical integration on effective competition, generation investment in risky markets, and the challenges for competition policy principles. On the one hand, long-term contracts may contribute to lasting generation capability by allowing for a more efficient allocation of risk. On the other han...

Gerechtigkeit ist in der Okonomie wieder ein Thema. Aber auch die Kunst hat sich der Fairness als Topic angenommen. Was passiert, wenn Kunst und Okonomie zusammenkommen? UN/FAIR TRADE gibt darauf eine eindeutige Antwort: wo Kunst und Okonomie einander begegnen, kann sich der gerechte (Welt)Handel oder Tausch als Mega-Thema prasentieren; als der Mainstream von morgen, dem es schon heute Rechnung zu tragen gilt. UN/FAIR TRADE richtet sich deshalb an alle, die Lust haben, eine andere wirtschaftlich...

Ten years ago, the United States stood at the forefront of the Internet revolution. With some of the fastest speeds and lowest prices in the world for high-speed Internet access, the nation was poised to be the global leader in the new knowledge-based economy. Today that global competitive advantage has all but vanished because of a series of government decisions and resulting monopolies that have allowed dozens of countries, including Japan and South Korea, to pass us in both speed and price of...

Recent years have seen the rise of EU State aid law as a crucial component of the European economic constitution. To date, however, the literature has neglected the contribution of this area of EU law to the internal market. This book seeks to fill this gap in our understanding of the economic constitution by exploring the significance of State aid law in addressing questions that go to the core of the internal market project. It does so by examining the case law relating to three different acti...