Competition in high-tech industries

Abstract

As technological advances transform the way we do everything from reading the news to buying real estate, high-tech industries are becoming ever more important to our commercial life. While some ongoing litigation has grabbed a lot of attention, I’d like to begin by taking a look back and considering what we can learn from history about the consequences of vigorous competition -- and its absence -- in high-tech industriesTwenty-five years ago the U.S.