IP vs. Antitrust
In the September 2005 issue of Corporate Legal Times, the article “High Court Set To Tackle IP Tying In Antitrust Cases” discu
In the September 2005 issue of Corporate Legal Times, the article “High Court Set To Tackle IP Tying In Antitrust Cases” discu
As they say in the South, writes Chris Westley, you can stick a fork in organized labor. Its implosion is a reminder that, in the long run, market forces trump state power.
The Austrians view is that monopoly came about as privilege, usually granted by royalty, given to a particular person or industry. This process is arbitrary and capricious. Free entry is required in capitalism. There cannot be restrictions on entry, as with doctors.
Price, quantity, profit, and deadweight loss are four criticisms of monopolies.
From The Review of Austrian Economics Vol. 4, 1990.
Elliot Sclar's book You Don't Always Get What You Pay For: The Economics of Privatization presents an empirical analysis of privatization that he thinks has been lacking.
Dominick T. Armentano Antitrust Reform: Predatory Practices and the Competitive Process Acrobat Distiller 7.0.5 (Windows)
From The Review of Austrian Economics Vol. 7, No. 1, 1994.
DT Armentano A Critique of Mainstream and Austrian Theories of Monopoly Adobe Acrobat 6.0 Paper Capture Plug-in