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Destroying Competition in Order to Save It: Predation Rules and the Airline Industry
“We had to destroy the village in order to save it.” According to legend, this rationale was once given by the U.S. army to…
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Flush With Anger: Should Washington Regulate Toilets?
One of Congress’ dumbest ideas was having federal bureaucrats redesign household appliances. Under the 1992 Energy Policy Act, several plumbing fixtures must now meet…
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Network Effects: Does Luck or Talent Rule the High-Technology Market?
Does luck matter more than talent in the marketplace after all? Many of today’s calls for antitrust interference in the marketplace are rooted in a…
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Bill, Bob, and Browsers: Why DOJ’s Case Against Microsoft is Flawed
While Microsoft has been pilloried by newspaper pundits, a trial court judge, and other alleged computer experts for not submitting to the federal government,…
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Rethinking Corporate Strategy
The past four years have not been easy for American business. President Bush was trusted to protect economic concerns in areas ranging from the environment…