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| example of technological monopoly: Modern Monopolies Alex Moazed, Nicholas L. Johnson, 2016-05-31 What do Google, Snapchat, Tinder, Amazon, and Uber have in common, besides soaring market share? They're platforms - a new business model that has quietly become the only game in town, creating vast fortunes for its founders while dominating everyone's daily life. A platform, by definition, creates value by facilitating an exchange between two or more interdependent groups. So, rather that making things, they simply connect people. The Internet today is awash in platforms - Facebook is responsible for nearly 25 percent of total Web visits, and the Google platform crash in 2013 took about 40 percent of Internet traffic with it. Representing the ten most trafficked sites in the U.S., platforms are also prominent over the globe; in China, they hold the top eight spots in web traffic rankings. The advent of mobile computing and its ubiquitous connectivity have forever altered how we interact with each other, melding the digital and physical worlds and blurring distinctions between offline and online. These platform giants are expanding their influence from the digital world to the whole economy. Yet, few people truly grasp the radical structural shifts of the last ten years. In Modern Monopolies, Alex Moazed and Nicholas L. Johnson tell the definitive story of what has changed, what it means for businesses today, and how managers, entrepreneurs, and business owners can adapt and thrive in this new era. |
| example of technological monopoly: Natural Monopolies in Digital Platform Markets Francesco Ducci, 2020-07-23 Through three case studies, this book investigates whether digital industries are naturally monopolistic and evaluates policy approaches to market power. |
| example of technological monopoly: The Tyranny of Big Tech Josh Hawley, 2021-05-04 The reign of Big Tech is here, and Americans’ First Amendment rights hang by a keystroke. Amassing unimaginable amounts of personal data, giants like Google, Facebook, Amazon, and Apple—once symbols of American ingenuity and freedom—have become a techno-oligarchy with overwhelming economic and political power. Decades of unchecked data collection have given Big Tech more targeted control over Americans’ daily lives than any company or government in the world. In The Tyranny of Big Tech, Senator Josh Hawley of Missouri argues that these mega-corporations—controlled by the robber barons of the modern era—are the gravest threat to American liberty in decades. To reverse course, Hawley argues, we must correct progressives’ mistakes of the past. That means recovering the link between liberty and democratic participation, building an economy that makes the working class strong, independent, and beholden to no one, and curbing the influence of corporate and political elites. Big Tech and its allies do not deal gently with those who cross them, and Senator Hawley proudly bears his own battle scars. But hubris is dangerous. The time is ripe to overcome the tyranny of Big Tech by reshaping the business and legal landscape of the digital world. |
| example of technological monopoly: Big Tech and the Digital Economy Nicolas Petit, 2020-07 This book asks a simple question: are the tech giants monopolies? In the current environment of suspicion towards the major technology companies as a result of concerns about their power and influence, it has become commonplace to talk of Google, Facebook, Amazon, Apple, Microsoft, or Netflix as the modern day version of the 19th century trusts. In turn, the tech giants are vilified for a whole range of monopoly harms towards consumers, workers and even the democratic process. In the US and the EU, antitrust, and regulatory reform is on the way. Using economics, business and management science as well legal reasoning, this book offers a new perspective on big tech. It builds a theory of moligopoly. The theory advances that the tech giants, or at least some of them, coexist both as monopolies and oligopoly firms that compete against each other in an environment of substantial uncertainty and economic dynamism. With this, the book assesses ongoing antitrust and regulatory policy efforts. It demonstrates that it is counterproductive to pursue policies that introduce more rivalry in moligopoly markets subject to technological discontinuities. And that non-economic harms like privacy violations, fake news, or hate speech are difficult issues that belong to the realm of regulation, not antimonopoly remediation. |
| example of technological monopoly: In Defense of Monopoly Richard B. McKenzie, Dwight R. Lee, 2008-02-04 A provocative defense of market dominance |
| example of technological monopoly: Your Post Has Been Removed Frederik Stjernfelt, Anne Mette Lauritzen, 2019-01-01 This open access monograph argues established democratic norms for freedom of expression should be implemented on the internet. Moderating policies of tech companies as Facebook, Twitter and Google have resulted in posts being removed on an industrial scale. While this moderation is often encouraged by governments - on the pretext that terrorism, bullying, pornography, hate speech and fake news will slowly disappear from the internet - it enables tech companies to censure our society. It is the social media companies who define what is blacklisted in their community standards. And given the dominance of social media in our information society, we run the risk of outsourcing the definition of our principles for discussion in the public domain to private companies. Instead of leaving it to social media companies only to take action, the authors argue democratic institutions should take an active role in moderating criminal content on the internet. To make this possible, tech companies should be analyzed whether they are approaching a monopoly. Antitrust legislation should be applied to bring those monopolies within democratic governmental oversight. Despite being in different stages in their lives, Anne Mette is in the startup phase of her research career, while Frederik is one of the most prolific philosophers in Denmark, the authors found each other in their concern about Free Speech on the internet. The book was originally published in Danish as Dit opslag er blevet fjernet - techgiganter & ytringsfrihed. Praise for 'Your Post has been Removed' From my perspective both as a politician and as private book collector, this is the most important non-fiction book of the 21st Century. It should be disseminated to all European citizens. The learnings of this book and the use we make of them today are crucial for every man, woman and child on earth. Now and in the future. Jens Rohde, member of the European Parliament for the Alliance of Liberals and Democrats for Europe This timely book compellingly presents an impressive array of information and analysis about the urgent threats the tech giants pose to the robust freedom of speech and access to information that are essential for individual liberty and democratic self-government. It constructively explores potential strategies for restoring individual control over information flows to and about us. Policymakers worldwide should take heed! Nadine Strossen, Professor, New York Law School. Author, HATE: Why We Should Resist It with Free Speech, Not Censorship. |
| example of technological monopoly: The Great Stagnation Tyler Cowen, 2011-01-25 Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole. |
| example of technological monopoly: The Antitrust Paradox Robert Bork, 2021-02-22 The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses. |
| example of technological monopoly: The Economics of Information Technology Hal R. Varian, Joseph Farrell, Carl Shapiro, 2004-12-23 The Economics of Information Technology is a concise and accessible review of some of the important economic factors affecting information technology industries. These industries are characterized by high fixed costs and low marginal costs of production, large switching costs for users, and strong network effects. These factors combine to produce some unique behavior. The book consists of two parts. In the first part, Professor Varian outlines the basic economics of these industries. In the second part, Professors Farrell and Shapiro describe the impact of these factors on competition policy. The clarity of the analysis and exposition makes this an ideal introduction for undergraduate and graduate students in economics, business strategy, law and related areas. |
| example of technological monopoly: Introduction to Business Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt, 2024-09-16 Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License. |
| example of technological monopoly: Capitalism, Power and Innovation Cecilia Rikap, 2021-03-29 In contemporary global capitalism, the most powerful corporations are innovation or intellectual monopolies. The book’s unique perspective focuses on how private ownership and control of knowledge and data have become a major source of rent and power. The author explains how at the one pole, these corporations concentrate income, property and power in the United States, China, and in a handful of intellectual monopolies, particularly from digital and pharmaceutical industries, while at the other pole developing countries are left further behind. The book includes detailed empirical mappings of how intellectual monopolies develop and transform knowledge from universities and open-source collaborations into intangible assets. The result is a strategy that combines undermining the commons through privatization with harvesting from the same commons. The book ends with provoking reflections to tilt the scale against intellectual monopoly capitalism and arguing that desired changes require democratic mobilization of workers and citizens at large. This book represents one of the first attempts to capture the contours of an emerging new era where old perspectives lead us astray, and the old policy toolbox is hopelessly inadequate. This is true for the idea that the best, or only, way to promote innovation is to transform knowledge into private property. It is also true for anti-trust policies focusing exclusively on consumer prices. The formation of global infrastructures that lead to natural monopolies calls for public rather than private ownership. Scholars and professionals from the social sciences and humanities (in particular economics, sociology, political science, geography, educational science and science and technology studies) will enjoy a clear and all-embracing depiction of innovation dynamics in contemporary capitalism, with a particular focus on asymmetries between actors, regions and topics. In fact, its topical issue broadens the book’s scope to those curious about how innovation networks shape our world. |
| example of technological monopoly: Captive Audience Susan Crawford, 2013-01-08 Ten years ago, the United States stood at the forefront of the Internet revolution. With some of the fastest speeds and lowest prices in the world for high-speed Internet access, the nation was poised to be the global leader in the new knowledge-based economy. Today that global competitive advantage has all but vanished because of a series of government decisions and resulting monopolies that have allowed dozens of countries, including Japan and South Korea, to pass us in both speed and price of broadband. This steady slide backward not only deprives consumers of vital services needed in a competitive employment and business market—it also threatens the economic future of the nation. This important book by leading telecommunications policy expert Susan Crawford explores why Americans are now paying much more but getting much less when it comes to high-speed Internet access. Using the 2011 merger between Comcast and NBC Universal as a lens, Crawford examines how we have created the biggest monopoly since the breakup of Standard Oil a century ago. In the clearest terms, this book explores how telecommunications monopolies have affected the daily lives of consumers and America's global economic standing. |
| example of technological monopoly: Tech Monopoly Herbert Hovenkamp, 2024-08-06 A serious look at competition problems in tech markets and whether antitrust law can help address them. In recent years, the astronomical rise of tech giants like Amazon, Apple, Meta, and Microsoft has been criticized as anticompetitive, and many have wondered if antitrust law can help protect workers and consumers. In Tech Monopoly, Herbert Hovenkamp explores competition problems in a wide range of high-tech firms—from those that sell purely digital products, such as video streaming, search, software, or email services, to others that sell more traditional “tactile” products, such as hardware, clothing, groceries, or rides. He offers a realistic look at the powers and limitations of antitrust law in tech markets with an assessment that is as comprehensive as it is accessible. After a general introduction to antitrust law, Tech Monopoly considers how competitive harm should be assessed in these markets, as well as some features that make these markets unique, including “two-sided” structures. Then Hovenkamp looks at the role of large digital platforms, including Amazon, Alphabet, Apple, Meta, and Microsoft, and considers whether their size alone is an antitrust problem or if the concern should be limited to market power. Finally, the author addresses the very difficult problem of remedies. Should we “break up” big tech, and if so, how? What kind of breakup of these firms would make users or others better off? And if breakups are not the only possible antitrust fix, are there more effective and less disruptive alternatives? Offering simple explanations of the complex economics of digital platform markets, Tech Monopoly is an important read for anyone who wishes to understand how antitrust law works and whether it can help defend competition in the formidable era of big tech. |
| example of technological monopoly: Globalisation? Bob Milward, 2003 Bob Milward presents an alternative view of globalization and argues that indeed there has been a continuum in capitalist development, but that this has been forged by historical processes and the dynamism of the competitive forces of capitalism. Milward identifies the emergence of monopoly capitalism as an important shaping factor, and in so doing sheds new light on issues of underdevelopment, multi-national imperialism and crises in advanced capitalist economies. |
| example of technological monopoly: Monopoly Power and Competition Manuela Mosca, 2018-07-27 The innovative contributions of the Italian Marginalists - Pareto, Pantaleoni, De Viti de Marco and Barone, to economic theory have previously been overlooked. This is the first book to deal with the history of the theory of market power and of its relation with competition, focusing on the distinct intellectual tradition that is Italian Marginalist economic thought. Monopoly Power and Competition is a vital resource for historians of economic thought, as it explores a relatively untouched area of microeconomics that sheds light on the theories surrounding monopoly power and barriers to entry. |
| example of technological monopoly: Crystal Fire Michael Riordan, Lillian Hoddeson, 1997 It's hard to imagine any device more crucial to modern life than the microchip and the transistor from which it sprang. Every waking hour of every day people benefit from its use in cellular phones, computers, radios, TVs, and ATMs. This eloquent retelling of the story behind the invention of the transistor recounts how pride and jealousy coupled with scientific aspirations ignited the greatest technological explosion in history. Photos & drawings. |
| example of technological monopoly: Scale and Scope Alfred Dupont CHANDLER, Takashi Hikino, Alfred D Chandler, 2009-06-30 Scale and Scope is Alfred Chandler's first major work since his Pulitzer Prize-winning The Visible Hand. Representing ten years of research into the history of the managerial business system, this book concentrates on patterns of growth and competitiveness in the United States, Germany, and Great Britain, tracing the evolution of large firms into multinational giants and orienting the late twentieth century's most important developments. This edition includes the entire hardcover edition with the exception of the Appendix Tables. |
| example of technological monopoly: The Profit Paradox Jan Eeckhout, 2022-10-25 A pioneering account of the surging global tide of market power—and how it stifles workers around the world In an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power—the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil. The Profit Paradox describes how, over the past forty years, a handful of companies have reaped most of the rewards of technological advancements—acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these “superstar” companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer startups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility. A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy. |
| example of technological monopoly: Economics for the Common Good Jean Tirole, 2019-05-14 When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a 'dismal science,' is a positive force for the common good. Economists are rewarded for writing technical papers in scholarly journals, not joining in public debates. But Tirole says we urgently need economists to engage with the many challenges facing society, helping to identify our key objectives and the tools needed to meet them. To show how economics can help us realize the common good, Tirole shares his insights on a broad array of questions affecting our everyday lives and the future of our society, including global warming, unemployment, the post-2008 global financial order, the euro crisis, the digital revolution, innovation, and the proper balance between the free market and regulation. Providing a rich account of how economics can benefit everyone, Economics for the Common Good sets a new agenda for the role of economics in society--Provided by publisher. |
| example of technological monopoly: Goliath Matt Stoller, 2020-10-06 “Every thinking American must read” (The Washington Book Review) this startling and “insightful” (The New York Times) look at how concentrated financial power and consumerism has transformed American politics, and business. Going back to our country’s founding, Americans once had a coherent and clear understanding of political tyranny, one crafted by Thomas Jefferson and updated for the industrial age by Louis Brandeis. A concentration of power—whether by government or banks—was understood as autocratic and dangerous to individual liberty and democracy. In the 1930s, people observed that the Great Depression was caused by financial concentration in the hands of a few whose misuse of their power induced a financial collapse. They drew on this tradition to craft the New Deal. In Goliath, Matt Stoller explains how authoritarianism and populism have returned to American politics for the first time in eighty years, as the outcome of the 2016 election shook our faith in democratic institutions. It has brought to the fore dangerous forces that many modern Americans never even knew existed. Today’s bitter recriminations and panic represent more than just fear of the future, they reflect a basic confusion about what is happening and the historical backstory that brought us to this moment. The true effects of populism, a shrinking middle class, and concentrated financial wealth are only just beginning to manifest themselves under the current administrations. The lessons of Stoller’s study will only grow more relevant as time passes. “An engaging call to arms,” (Kirkus Reviews) Stoller illustrates here in rich detail how we arrived at this tenuous moment, and the steps we must take to create a new democracy. |
| example of technological monopoly: The Rule of Three Jagdish Sheth, Rajendra Sisodia, 2002-05-14 Name any industry and more likely than not you will find that the three strongest, most efficient companies control 70 to 90 percent of the market. Here are just a few examples: McDonald's, Burger King, and Wendy's General Mills, Kellogg, and Post Nike, Adidas, and Reebok Bank of America, Chase Manhattan, and Banc One American, United, and Delta Merck, Johnson & Johnson, and Bristol-Myers Squibb Based on extensive studies of market forces, the distinguished business school strategists and corporate advisers Jagdish Sheth and Rajendra Sisodia show that natural competitive forces shape the vast majority of companies under the rule of three. This stunning new concept has powerful strategic implications for businesses large and small alike. Drawing on years of research covering hundreds of industries both local and global, The Rule of Three documents the evolution of markets into two complementary sectors -- generalists, which cater to a large, mainstream group of customers; and specialists, which satisfy the needs of customers at both the high and low ends of the market. Any company caught in the middle (the ditch) is likely to be swallowed up or destroyed. Sheth and Sisodia show how most markets resemble a shopping mall with specialty shops anchored by large stores. Drawing wisdom from these markets, The Rule of Three offers counterintuitive insights, with suggested strategies for the Big 3 players, as well as for mid-sized companies that may want to mount a challenge and for specialists striving to flourish in the shadow of industry giants. The book explains how to recognize signs of market disruptions that can result in serious reversals and upheavals for companies caught unprepared. Such disruptions include new technologies, regulatory shifts, innovations in distribution and packaging, demographic and cultural shifts, and venture capital as well as other forms of investor funding. Years in the making and sweeping in scope, The Rule of Three provides authoritative, research-based insights into market dynamics that no business manager should be without. |
| example of technological monopoly: The Age of Surveillance Capitalism Shoshana Zuboff, 2019-01-15 The challenges to humanity posed by the digital future, the first detailed examination of the unprecedented form of power called surveillance capitalism, and the quest by powerful corporations to predict and control our behavior. In this masterwork of original thinking and research, Shoshana Zuboff provides startling insights into the phenomenon that she has named surveillance capitalism. The stakes could not be higher: a global architecture of behavior modification threatens human nature in the twenty-first century just as industrial capitalism disfigured the natural world in the twentieth. Zuboff vividly brings to life the consequences as surveillance capitalism advances from Silicon Valley into every economic sector. Vast wealth and power are accumulated in ominous new behavioral futures markets, where predictions about our behavior are bought and sold, and the production of goods and services is subordinated to a new means of behavioral modification. The threat has shifted from a totalitarian Big Brother state to a ubiquitous digital architecture: a Big Other operating in the interests of surveillance capital. Here is the crucible of an unprecedented form of power marked by extreme concentrations of knowledge and free from democratic oversight. Zuboff's comprehensive and moving analysis lays bare the threats to twenty-first century society: a controlled hive of total connection that seduces with promises of total certainty for maximum profit -- at the expense of democracy, freedom, and our human future. With little resistance from law or society, surveillance capitalism is on the verge of dominating the social order and shaping the digital future -- if we let it. |
| example of technological monopoly: Digital Wars Charles Arthur, 2014-05-03 The first time that Apple, Google and Microsoft found themselves sharing the same digital space was 1998. They were radically different companies and they would subsequently fight a series of pitched battles for control of different parts of the digital landscape. They could not know of the battles to come. But they would be world-changing. This new edition of Digital Wars looks at each of these battles in turn. Accessible and comprehensive, it analyses the very different cultures of the three companies and assesses exactly who are the victors on each front. Thoroughly updated to include information on the latest developments and rising competitors Samsung, it also include a completely new chapter on how China moved from being the assembly plant for music players and smartphones, to becoming the world's biggest smartphone business. |
| example of technological monopoly: The Digital Innovation Race Cecilia Rikap, Bengt-Åke Lundvall, 2021-12-09 This book develops new theoretical perspectives on the economics and politics of innovation and knowledge in order to capture new trends in modern capitalism. It shows how giant corporations establish themselves as intellectual monopolies and how each of them builds and controls its own corporate innovation system. It presents an analysis of a new form of production where Google, Amazon, Facebook, Apple and Microsoft, and their counterparts in China, extract value and appropriate intellectual rents through privileged access to AI algorithms trained by data from organizations and individuals all around the world. These companies’ specific form of production and rent-seeking takes place at the global level and challenges national governments trying to regulate intellectual monopolies and attempting to build stronger national innovation systems. It is within this context that the authors provide new insights on the complex interplay between corporate and national innovation systems by looking at the US-China conflict, understood as a struggle for global technological supremacy. The book ends with alternative scenarios of global governance and advances policy recommendations as well as calls for social activism. This book will be of interest to students, academics and practitioners (both from national states and international organizations) and professionals working on innovation, digital capitalism and related topics. |
| example of technological monopoly: Handbook of Industrial Organization Richard Schmalensee, Robert Willig, 1989-09-11 Determinants of firm and market organization; Analysis of market behavior; Empirical methods and results; International issues and comparision; government intervention in the Marketplace. |
| example of technological monopoly: Copernicus' Secret Jack Repcheck, 2007-12-04 Nicolaus Copernicus gave the world perhaps the most important scientific insight of the modern age, the theory that the earth and the other planets revolve around the sun. He was also the first to proclaim that the earth rotates on its axis once every twenty-four hours. His theory was truly radical: during his lifetime nearly everyone believed that a perfectly still earth rested in the middle of the cosmos, where all the heavenly bodies revolved around it. One of the transcendent geniuses of the early Renaissance, Copernicus was also a flawed and conflicted person. A cleric who lived during the tumultuous years of the early Reformation, he may have been sympathetic to the teachings of the Lutherans. Although he had taken a vow of celibacy, he kept at least one mistress. Supremely confident intellectually, he hesitated to disseminate his work among other scholars. It fact, he kept his astronomical work a secret, revealing it to only a few intimates, and the manuscript containing his revolutionary theory, which he refined for at least twenty years, remained hidden among my things. It is unlikely that Copernicus' masterwork would ever have been published if not for a young mathematics professor named Georg Joachim Rheticus. He had heard of Copernicus' ideas, and with his imagination on fire he journeyed hundreds of miles to a land where, as a Lutheran, he was forbidden to travel. Rheticus' meeting with Copernicus in a small cathedral town in northern Poland proved to be one of the most important encounters in history. Copernicus' Secretrecreates the life and world of the scientific genius whose work revolutionized astronomy and altered our understanding of our place in the world. It tells the surprising, little-known story behind the dawn of the scientific age. |
| example of technological monopoly: Entrepreneurial State Mariana Mazzucato, 2015 List of Tables and Figures; List of Acronyms; Acknowledgements; Introduction: Thinking Big Again; Chapter 1: From Crisis Ideology to the Division of Innovative Labour; Chapter 2: Technology, Innovation and Growth; Chapter 3: Risk-Taking State: From 'De-risking' to 'Bring It On!'; Chapter 4: The US Entrepreneurial State; Chapter 5: The State behind the iPhone; Chapter 6: Pushing vs. Nudging the Green Industrial Revolution; Chapter 7: Wind and Solar Power: Government Success Stories and Technology in Crisis; Chapter 8: Risks and Rewards: From Rotten Apples to Symbiotic Ecosystems; Chapter 9: So. |
| example of technological monopoly: World Without Mind Franklin Foer, 2018-09-11 A New York Times Book Review Notable Book of 2017 • One of the best books of the year by The New York Times, LA Times, and NPR Franklin Foer reveals the existential threat posed by big tech, and in his brilliant polemic gives us the toolkit to fight their pervasive influence. Over the past few decades there has been a revolution in terms of who controls knowledge and information. This rapid change has imperiled the way we think. Without pausing to consider the cost, the world has rushed to embrace the products and services of four titanic corporations. We shop with Amazon; socialize on Facebook; turn to Apple for entertainment; and rely on Google for information. These firms sell their efficiency and purport to make the world a better place, but what they have done instead is to enable an intoxicating level of daily convenience. As these companies have expanded, marketing themselves as champions of individuality and pluralism, their algorithms have pressed us into conformity and laid waste to privacy. They have produced an unstable and narrow culture of misinformation, and put us on a path to a world without private contemplation, autonomous thought, or solitary introspection—a world without mind. In order to restore our inner lives, we must avoid being coopted by these gigantic companies, and understand the ideas that underpin their success. Elegantly tracing the intellectual history of computer science—from Descartes and the enlightenment to Alan Turing to Stewart Brand and the hippie origins of today's Silicon Valley—Foer exposes the dark underpinnings of our most idealistic dreams for technology. The corporate ambitions of Google, Facebook, Apple, and Amazon, he argues, are trampling longstanding liberal values, especially intellectual property and privacy. This is a nascent stage in the total automation and homogenization of social, political, and intellectual life. By reclaiming our private authority over how we intellectually engage with the world, we have the power to stem the tide. At stake is nothing less than who we are, and what we will become. There have been monopolists in the past but today's corporate giants have far more nefarious aims. They’re monopolists who want access to every facet of our identities and influence over every corner of our decision-making. Until now few have grasped the sheer scale of the threat. Foer explains not just the looming existential crisis but the imperative of resistance. |
| example of technological monopoly: Assessing the Value of Research in the Chemical Sciences Chemical Sciences Roundtable, Board on Chemical Sciences and Technology, Commission on Physical Sciences, Mathematics, and Applications, Division on Engineering and Physical Sciences, National Research Council, 1998-11-13 This book captures the messages from a workshop that brought together research managers from government, industry, and academia to review and discuss the mechanisms that have been proposed or used to assess the value of chemical research. The workshop focused on the assessment procedures that have been or will be established within the various organizations that carry out or fund research activities, with particular attention to the Government Performance and Results Act (GPRA). The book presents approaches and ideas from leaders in each area that were intended to identify new and useful ways of assessing the value and potential impact of research activities. |
| example of technological monopoly: Information Doesn't Want to Be Free Cory Doctorow, 2014-11-01 “Filled with wisdom and thought experiments and things that will mess with your mind.” — Neil Gaiman, author of The Graveyard Book and American Gods In sharply argued, fast-moving chapters, Cory Doctorow’s Information Doesn’t Want to Be Free takes on the state of copyright and creative success in the digital age. Can small artists still thrive in the Internet era? Can giant record labels avoid alienating their audiences? This is a book about the pitfalls and the opportunities that creative industries (and individuals) are confronting today — about how the old models have failed or found new footing, and about what might soon replace them. An essential read for anyone with a stake in the future of the arts, Information Doesn’t Want to Be Free offers a vivid guide to the ways creativity and the Internet interact today, and to what might be coming next. This book is DRM-free. |
| example of technological monopoly: The Master Switch Tim Wu, 2010-11-01 Winner of the 2011 Business Book of the Year Award The Internet Age: on the face of it, an era of unprecedented freedom in both communication and culture. Yet in the past, each major new medium, from telephone to satellite television, has crested on a wave of similar idealistic optimism, before succumbing to the inevitable undertow of industrial consolidation. Every once free and open technology has, in time, become centralized and closed; as corporate power has taken control of the 'master switch.' Today a similar struggle looms over the Internet, and as it increasingly supersedes all other media the stakes have never been higher. Part industrial exposé, part examination of freedom of expression, The Master Switch reveals a crucial drama - full of indelible characters - as it has played out over decades in the shadows of global communication. |
| example of technological monopoly: Monopolies and Tech Giants: The Insights You Need from Harvard Business Review Harvard Business Review, Marco Iansiti, Karim R. Lakhani, Darrell K. Rigby, Vijay Govindarajan, 2020-04-21 How to compete in a world dominated by tech giants. A new breed of monopolies is threatening your business. Tech mega-firms from around the world are encroaching on your industry's space, rewriting the rules, and scooping up talent--and your customers. What should you and your company be doing right now to counter these challenges? Monopolies and Tech Giants: The Insights You Need from Harvard Business Review will provide you with today's most essential thinking on corporate inequality and the future of antitrust, help you understand what these threats mean for your organization, and give your company the tools to succeed in the winner-take-all economy. Business is changing. Will you adapt or be left behind? Get up to speed and deepen your understanding of the topics that are shaping your company's future with the Insights You Need from Harvard Business Review series. Featuring HBR's smartest thinking on fast-moving issues--blockchain, cybersecurity, AI, and more--each book provides the foundational introduction and practical case studies your organization needs to compete today and collects the best research, interviews, and analysis to get it ready for tomorrow. You can't afford to ignore how these issues will transform the landscape of business and society. The Insights You Need series will help you grasp these critical ideas--and prepare you and your company for the future. |
| example of technological monopoly: The Theory of Monopoly Capitalism John Bellamy Foster, 2014-04-01 In 1966, Paul Baran and Paul Sweezy published Monopoly Capital, a monumental work of economic theory and social criticism that sought to reveal the basic nature of the capitalism of their time. Their theory, and its continuing elaboration by Sweezy, Harry Magdoff, and others in Monthly Review magazine, infl uenced generations of radical and heterodox economists. They recognized that Marx’s work was unfi nished and itself historically conditioned, and that any attempt to understand capitalism as an evolving phenomenon needed to take changing conditions into account. Having observed the rise of giant monopolistic (or oligopolistic) fi rms in the twentieth century, they put monopoly capital at the center of their analysis, arguing that the rising surplus such fi rms accumulated—as a result of their pricing power, massive sales efforts, and other factors—could not be profi tably invested back into the economy. Absent any “epoch making innovations” like the automobile or vast new increases in military spending, the result was a general trend toward economic stagnation—a condition that persists, and is increasingly apparent, to this day. Their analysis was also extended to issues of imperialism, or “accumulation on a world scale,” overlapping with the path-breaking work of Samir Amin in particular. John Bellamy Foster is a leading exponent of this theoretical perspective today, continuing in the tradition of Baran and Sweezy’s Monopoly Capital. This new edition of his essential work, The Theory of Monopoly Capitalism, is a clear and accessible explication of this outlook, brought up to the present, and incorporating an analysis of recently discovered “lost” chapters from Monopoly Capital and correspondence between Baran and Sweezy. It also discusses Magdoff and Sweezy’s analysis of the fi nancialization of the economy in the 1970s, ‘80s, and ‘90s, leading up to the Great Financial Crisis of the opening decade of this century. Foster presents and develops the main arguments of monopoly capital theory, examining its key exponents, and addressing its critics in a way that is thoughtful but rigorous, suspicious of dogma but adamant that the deep-seated problems of today’s monopoly-fi nance capitalism can only truly be solved in the process of overcoming the system itself. |
| example of technological monopoly: The Cambridge History of Capitalism Larry Neal, Jeffrey G. Williamson, 2014-01-23 The first volume of The Cambridge History of Capitalism provides a comprehensive account of the evolution of capitalism from its earliest beginnings. Starting with its distant origins in ancient Babylon, successive chapters trace progression up to the 'Promised Land' of capitalism in America. Adopting a wide geographical coverage and comparative perspective, the international team of authors discuss the contributions of Greek, Roman, and Asian civilizations to the development of capitalism, as well as the Chinese, Indian and Arab empires. They determine what features of modern capitalism were present at each time and place, and why the various precursors of capitalism did not survive. Looking at the eventual success of medieval Europe and the examples of city-states in northern Italy and the Low Countries, the authors address how British mercantilism led to European imitations and American successes, and ultimately, how capitalism became global. |
| example of technological monopoly: Can Capitalism Survive? Joseph A. Schumpeter, 2020 |
| example of technological monopoly: S&T Strategies of Six Countries National Research Council, Division on Engineering and Physical Sciences, Standing Committee on Technology Insightâ¬"Gauge, Evaluate, and Review, Committee on Global Science and Technology Strategies and Their Effect on U.S. National Security, 2010-10-04 An increase in global access to goods and knowledge is transforming world-class science and technology (S&T) by bringing it within the capability of an unprecedented number of global parties who must compete for resources, markets, and talent. In particular, globalization has facilitated the success of formal S&T plans in many developing countries, where traditional limitations can now be overcome through the accumulation and global trade of a wide variety of goods, skills, and knowledge. As a result, centers for technological research and development (R&D) are now globally dispersed, setting the stage for greater uncertainty in the political, economic, and security arenas. These changes will have a potentially enormous impact for the U.S. national security policy, which for the past half century was premised on U.S. economic and technological dominance. As the U.S. monopoly on talent and innovation wanes, arms export regulations and restrictions on visas for foreign S&T workers are becoming less useful as security strategies. The acute level of S&T competition among leading countries in the world today suggests that countries that fail to exploit new technologies or that lose the capability for proprietary use of their own new technologies will find their existing industries uncompetitive or obsolete. The increased access to information has transformed the 1950s' paradigm of control and isolation of information for innovation control into the current one of engagement and partnerships between innovators for innovation creation. Current and future strategies for S&T development need to be considered in light of these new realities. This book analyzes the S&T strategies of Japan, Brazil, Russia, India, China, and Singapore (JBRICS), six countries that have either undergone or are undergoing remarkable growth in their S&T capabilities for the purpose of identifying unique national features and how they are utilized in the evolving global S&T environment. |
| example of technological monopoly: Industrial Market Structure and Economic Performance Frederic M. Scherer, 1980 |
| example of technological monopoly: Zero to One Blake Masters, Peter Thiel, 2014-09-18 WHAT VALUABLE COMPANY IS NOBODY BUILDING? The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. If you are copying these guys, you aren’t learning from them. It’s easier to copy a model than to make something new: doing what we already know how to do takes the world from 1 to n, adding more of something familiar. Every new creation goes from 0 to 1. This book is about how to get there. ‘Peter Thiel has built multiple breakthrough companies, and Zero to One shows how.’ ELON MUSK, CEO of SpaceX and Tesla ‘This book delivers completely new and refreshing ideas on how to create value in the world.’ MARK ZUCKERBERG, CEO of Facebook ‘When a risk taker writes a book, read it. In the case of Peter Thiel, read it twice. Or, to be safe, three times. This is a classic.’ NASSIM NICHOLAS TALEB, author of The Black Swan |
| example of technological monopoly: The Digital Economy Don Tapscott, 1996 Looks at how the Internet is affecting businesses, education, and government, touching on the twelve themes of the new economy and privacy issues |
| example of technological monopoly: Encyclopaedia Britannica Hugh Chisholm, 1910 This eleventh edition was developed during the encyclopaedia's transition from a British to an American publication. Some of its articles were written by the best-known scholars of the time and it is considered to be a landmark encyclopaedia for scholarship and literary style. |
Monopoly Money: Tech and the Changing Geography of Wealth
trated in places where firms have achieved monopoly status, defined as increased market power and the ability to com-mand prices that far exceed the cost of providing a service or good. …
Monopoly A monopoly is a firm who is the sole seller of its …
Monopoly A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes. An unregulated monopoly has market power and can influence prices. Examples: …
The Impact of Technology Monopolization on the …
paper seeks strategies to deal with a technological monopoly by analyzing the impact of technologi- cal monopoly on the technological advancement and foreign economic cooperation …
Standard Based Monopolies and Near Monopolies: The …
Microsoft and Intel, sometimes jointly called WinTel, are examples of near monopolies based on control of de facto industry standards. Standard based monopolies require a combination of …
What is Monopoly| Characteristics | Types | Causes | Pros & Cons
Technological Monopoly (Patent Monopoly): A technological monopoly arises when a company or individual owns patents, copyrights, or intellectual property rights that prevent others from …
Research on the Formation Mechanism and Regulatory …
By analyzing how platform enterprises utilize technology, data, and market rules to form monopolies, this article provides theoretical references and policy recommendations for …
Market Structure and the Direction of Technological Change
To illustrate this intuition, in Section 2 we introduce a model with two endogenous di-mensions of technological change: efficiency improvements to existing uses of the technology (which we …
MONOPOLY ON PRODUCT INNOVATION - JSTOR
This paper is concerned with the timing of product innovations under pure single-firm monopoly and under pure competition.
Competing Technologies, Technological Monopolies and the …
Competing Technologies, Technological Monopolies and the Rate of Convergence to a Stable Market Structure Andrea Bassanini, Giovanni Dosi To cite this version: Andrea Bassanini, …
TECHNOLOGY, MONOPOLY, AND ANTITRUST IN HISTORICAL …
Technological advance centralizes control over production, placing the consumer at the mercy of the producer. Historically, consumers fought for democracy, not antitrust, because the state is …
Monopoly and the Incentive to Innovate When Adoption …
We develop a new theory of why a monopolistic industry innovates less than a competitive industry. The key is that firms often face major problems in integrating new technologies. In …
Lecture Note 3: Monopoly Pricing monopoly - Brendan M. Price
Example: Suppose the monopolist faces the demand curve p(Q) = 12 Q and has the linear cost function C(Q) = 4Q. What are the monopoly’s optimal quantity Q and price p?
Apple’s Monopolistic Control Over the Tech Industry
However, this paper argues that Apple does exhibit monopolistic behaviour in the tech industry by examining Apple’s treatment of its customers and competing brands. The documented …
Product Innovation Incentives: Monopoly vs. Competition
Consider a process or product innovation that yields its owner a permanent monopoly over the new technology. Our benchmark market structure is a secure monopoly: only the incumbent …
Chapter 7: Market Structures - Summer Tire Test
In this section, you will learn that market structures include perfect competition, monopolistic competi-tion, oligopoly, and monopoly. perfect competition (p. 170) imperfect competition (p. …
Having only one firm in the market with no close substitutes …
that monopoly faces a downward sloping demand curve whereas perfect competition faces a horizontal demand curve. Monopoly serves an entire market for a good that has no close …
Module 11: Innovation & Patents - Kellogg School of …
An example from United States vs. Microsoft Corp: – Microsoft was accused of becoming a monopoly and engaging in abusive practices, in violation of the Sherman Act. – Central Issue: …
TEST Review Market Structure- TEST - Denton ISD
A remote store would be an example of a technological monopoly. 47. A firm that is successful in developing brand name loyalty can marginally increase the price
Monopoly and the Incentive to Innovate When Adoption …
In this paper, we present an alternative theory explaining why a. monopolist would be less innovative. We start from the fact that firms often face major problems in integrating new …
TO PROMOTE INNOVATION: THE PROPER BALANCE OF …
An economy’s capacity for invention and innovation helps drive its economic growth and the degree to which standards of living increase.1 Technological breakthroughs such as …
Monopoly Money: Tech and the Changing Geography of …
trated in places where firms have achieved monopoly status, defined as increased market power and the ability to com-mand prices that far exceed the cost of providing a service or good. …
Monopoly A monopoly is a firm who is the sole seller of its …
Monopoly A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes. An unregulated monopoly has market power and can influence prices. Examples: …
The Impact of Technology Monopolization on the …
paper seeks strategies to deal with a technological monopoly by analyzing the impact of technologi- cal monopoly on the technological advancement and foreign economic cooperation …
Standard Based Monopolies and Near Monopolies: The …
Microsoft and Intel, sometimes jointly called WinTel, are examples of near monopolies based on control of de facto industry standards. Standard based monopolies require a combination of …
What is Monopoly| Characteristics | Types | Causes | Pros
Technological Monopoly (Patent Monopoly): A technological monopoly arises when a company or individual owns patents, copyrights, or intellectual property rights that prevent others from …
Research on the Formation Mechanism and Regulatory …
By analyzing how platform enterprises utilize technology, data, and market rules to form monopolies, this article provides theoretical references and policy recommendations for …
Market Structure and the Direction of Technological Change
To illustrate this intuition, in Section 2 we introduce a model with two endogenous di-mensions of technological change: efficiency improvements to existing uses of the technology (which we …
MONOPOLY ON PRODUCT INNOVATION - JSTOR
This paper is concerned with the timing of product innovations under pure single-firm monopoly and under pure competition.
Competing Technologies, Technological Monopolies and the …
Competing Technologies, Technological Monopolies and the Rate of Convergence to a Stable Market Structure Andrea Bassanini, Giovanni Dosi To cite this version: Andrea Bassanini, …
TECHNOLOGY, MONOPOLY, AND ANTITRUST IN …
Technological advance centralizes control over production, placing the consumer at the mercy of the producer. Historically, consumers fought for democracy, not antitrust, because the state is …
Monopoly and the Incentive to Innovate When Adoption …
We develop a new theory of why a monopolistic industry innovates less than a competitive industry. The key is that firms often face major problems in integrating new technologies. In …
Lecture Note 3: Monopoly Pricing monopoly - Brendan M.
Example: Suppose the monopolist faces the demand curve p(Q) = 12 Q and has the linear cost function C(Q) = 4Q. What are the monopoly’s optimal quantity Q and price p?
Apple’s Monopolistic Control Over the Tech Industry
However, this paper argues that Apple does exhibit monopolistic behaviour in the tech industry by examining Apple’s treatment of its customers and competing brands. The documented …
Product Innovation Incentives: Monopoly vs. Competition
Consider a process or product innovation that yields its owner a permanent monopoly over the new technology. Our benchmark market structure is a secure monopoly: only the incumbent …
Chapter 7: Market Structures - Summer Tire Test
In this section, you will learn that market structures include perfect competition, monopolistic competi-tion, oligopoly, and monopoly. perfect competition (p. 170) imperfect competition (p. …
Having only one firm in the market with no close substitutes …
that monopoly faces a downward sloping demand curve whereas perfect competition faces a horizontal demand curve. Monopoly serves an entire market for a good that has no close …
Module 11: Innovation & Patents - Kellogg School of …
An example from United States vs. Microsoft Corp: – Microsoft was accused of becoming a monopoly and engaging in abusive practices, in violation of the Sherman Act. – Central Issue: …
TEST Review Market Structure- TEST - Denton ISD
A remote store would be an example of a technological monopoly. 47. A firm that is successful in developing brand name loyalty can marginally increase the price
Monopoly and the Incentive to Innovate When Adoption …
In this paper, we present an alternative theory explaining why a. monopolist would be less innovative. We start from the fact that firms often face major problems in integrating new …
TO PROMOTE INNOVATION: THE PROPER BALANCE OF …
An economy’s capacity for invention and innovation helps drive its economic growth and the degree to which standards of living increase.1 Technological breakthroughs such as …
