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The Legacy of U.S. v. Microsoft

Brennan, Tim, "The Legacy of U.S. v. Microsoft" . Regulation, Vol. 26, No. 4, pp. 22-28, Winter 2003-2004 Available at SSRN:

Abstract:

    The recent Microsoft antitrust case had many profound implications, one of which was possible insight into the changing role of economics in antitrust. Microsoft started out as a "post-Chicago" theoretical case in which game theory and asymmetric information models suggested the software firm was engaging in competition-restricting practices. But the case ultimately devolved into a "pre-Chicago" case of impressionistic assessments of harm to competition from Microsoft's activities. The legacy of U.S. v. Microsoft may be that the promoters of post-Chicago economics may realize that they need to force the courts to get the economics right in order to get the results they want.
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