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Monopolies in Network Industries

By Stuart Buck

About four years ago, I wondered whether monopolists in network industries face the same incentives as monopolists elsewhere. George Priest of Yale Law School has just released a useful and short analysis of similar topics: Rethinking Antitrust Law in an Age of Network Industries GEORGE L. PRIEST Yale Law School --------------------------------------------------------------------------------2007Yale Law & Economics Research Paper No. 352 Abstract: Economists have recognized the increasing role of network industries in our modern economy and have substantially advanced the understanding of network economics. This paper discusses how the special economic features of networks and, in particular, practices that networks adopt to enhance network benefits, requires a reconceptualization of modern antitrust analysis...continue to full post

Full post as published by The Buck Stops Here on December 10, 2007 (boomark / email).