Coate, Malcolm; Fischer, Jeffrey - In: The Economists' Voice 2 (2007) 2, pp. 10-10
Several factors suggest the Ayres-Nalebuff scenario is unlikely to occur. First, producing a media player is not difficult: Cnet.com lists 31 free players. Second, although firms that own encoding standards can make money by licensing the standard, to monopolize encoding, Microsoft would need to...