The advance of digital technology is changing the nature of markets, enhancing the capacity of corporations to extract more consumers' surplus and lower the wages paid to workers. The rise of new technology has also diminished the efficacy of traditional laws to regulate firms and corporations....

Recent outcry for antitrust reform argues that U.S. markets have become more concentrated, that large firms’ profit margins have increased, and that part of these changes may be attributed to lax antitrust enforcement since the 1960s. While each of these arguments is part of an intense...

It is in the nature of technological advance to centralize control over production and divorce it from the consumer, placing the consumer at the mercy of the producer. For most of human history, the fight for consumer rights was a fight for democracy, because the state is the ultimate...

This paper, written for an American Bar Association compendium on competition policy, reviews seven of the most important U.S. antitrust cases charging firms in high-technology industries with violations of Sherman Act Section II - i.e., with monopolization. The principal target firms were...

Innovation is a flabby concept in antitrust practice, only coming into play in limited situations, as contrasted with its seeming ubiquity in the business pages. Lacking an accurate underlying conception of innovation, the current tools and theories of antitrust are inadequate. For innovation to...

This paper reviews the history of seven quot;greatquot; U.S. monopolization cases in high-technology fields: Standard Oil (1911), the electric light cases, the ATamp;T cases, cellophane, Xerox, IBM, and Microsoft. It analyzes the extent to which innovativeness was a successful defense to...

Technological change is transforming Ireland’s economic structures, leading to new jobs and innovative products that benefit consumers. Adoption of new technologies by businesses has been high relative to many other OECD economies, but it has been uneven across industries and the impact on...