Pride Before the Fall: The Trials of Bill Gates and the End of the Microsoft Era
Average customer rating: 4 out of 5 stars
  • Excellent book on Microsoft anti-trust trial
  • An excellent analysis of the case
  • whiny
  • Save Your Money
  • Wow, What a Thoroughly Great Book
Pride Before the Fall: The Trials of Bill Gates and the End of the Microsoft Era
John Heilemann
Manufacturer: Collins
ProductGroup: Book
Binding: Hardcover

GeneralGeneral | Biographies & Memoirs | Subjects | Books
BusinessBusiness | Professionals & Academics | Biographies & Memoirs | Subjects | Books
Gates, BillGates, Bill | ( G ) | People, A-Z | Biographies & Memoirs | Subjects | Books
Company ProfilesCompany Profiles | Biography & History | Business & Investing | Subjects | Books
BiographiesBiographies | Business & Culture | Computers & Internet | Subjects | Books
GovernmentGovernment | Business & Culture | Computers & Internet | Subjects | Books
GeneralGeneral | Taxation | Law | Subjects | Books
Look Inside BiographiesLook Inside Biographies | Trip | Specialty Stores | Books
Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
Look Inside Computer BooksLook Inside Computer Books | Trip | Specialty Stores | Books
Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
Similar Items:
  1. Peopleware: Productive Projects and Teams Peopleware: Productive Projects and Teams
  2. The Search: How Google and Its Rivals Rewrote the Rules of Business and Transformed Our Culture The Search: How Google and Its Rivals Rewrote the Rules of Business and Transformed Our Culture

ASIN: 0066621178
Release Date: 2001-01-09

Amazon.com

Like other "totemic firms" of recent years, Microsoft attained astounding power and profitability in stunningly short order--along with a slew of rivals who desperately wanted it broken into less threatening pieces. Few really believed it would happen when the U.S. Department of Justice first began looking into its operations, however, which made the eventual judgment against the company even more significant. "The humbling of Microsoft is the last great business story of the 20th century and the first great riddle of the 21st," writes John Heilemann in Pride Before the Fall, his insightful examination of the epic antitrust battle that began as a Wired magazine cover story. "There are fancier ways of putting it," he adds, "but the riddle is: how did it happen?" In the pages that follow, Heilemann examines the behind-the-scenes machinations that drove United States v. Microsoft, based largely on exclusive interviews he conducted with Bill Gates and his top lieutenants, Justice Department prosecutor Joel Klein, special trial counsel (and lead Democratic Florida recount litigator) David Boies, Intel chief Andy Grove, Sun Microsystems' Scott McNealy, and various "unknown soldiers" who arguably played the biggest role of all. With Microsoft's future still uncertain, Pride helps reset the tone in a case that will shape our high-tech future. --Howard Rothman

Book Description

John Heilemann's Pride Before the Fall uncovers the secret history of the antitrust trial that shook an economy: United States v. Microsoft. Drawing on years of reporting -- including extensive interviews with Gates and other top Microsoft executives, Justice Department trustbuster Joel Klein, superlitigator David Boies, Intel chief Andy Grove, Sun Microsystems CEO Scott McNealy, and scores of lesser-known but pivotal players -- Heilemann lays bare the chaotic confluence of forces that shattered Microsoft's aura of invincibility and the climate of fear that held an industry in thrall.

Based on an acclaimed Wired magazine cover story, Pride Before the Fall is packed with rich personalities, dramatic scenes, and explosive revelations. It tells the stories of the largely unknown men and women who turned their opposition to Gates's company into a crusade, laboring for years to persuade the government to indict Microsoft for its monopolistic practices. Pride Before the Fall explains in compelling detail how the high-tech kingpins whose businesses Gates had tried to destroy or strong-arm (Netscape, Apple, Sun, and even Intel) worked in secret to help the Justice Department bring down Microsoft. It explores the lasting damage the trial has inflicted on the first great empire of the Information Age. And Heilemann offers a vivid and sometimes shocking portrait of Gates himself -- describing a man who in 1993 told his friends, "I have as much power as the president," only to be thrown into rage and depression a few years later, when he discovered just how wrong he'd been.

Like a figure from Greek tragedy, Heilemann writes, Gates sowed the seeds of his own undoing. From lengthy visits to Redmond before, during, and after the trial, Heilemarnn paints a picture of a culture that can only be described as the Cult of Bill, a culture that had few limits when it came to eviscerating the competition, a culture that grew out of Gates's fiercely single-minded determination to keep Microsoft from meeting the fate of a company that he had studied, admired, rivaled, and then surpassed: IBM. But when that culture came under scrutiny on Capitol Hill, in the halls of the Justice Department, and in the courtroom of Judge Thomas Penfield Jackson, it provoked a verdict far harsher than anyone could have predicted -- and guaranteed for Microsoft the very fate that Gates had struggled so desperately to avoid.

With Pride Before the Fall, John Heilemann confirms his reputation as one of Silicon Valley's most talented and respected journalists. Years of inside access to the Valley's boardrooms have given him a unique understanding of the technology industry, just as his years as a reporter in Washington have informed his grasp of the political currents that swept the U.S. government into a battle it never wanted to fight. But what sets Pride Before the Fall apart isn't simply Heilemann's mastery of the dynamics of business, public policy, and the law. This superbly gifted writer has also given us a revelatory tale of human ambition and human frailty -- a timely saga of arrogance, ruthlessness, and revenge.

Customer Reviews:

5 out of 5 stars Excellent book on Microsoft anti-trust trial.......2007-05-21

This book puts out a lot of factual information while keeping the read interesting. I've used this in a college ethics class, and most students liked it. I know of an attorney's office that used it to familiarize their staff with the case.

The book is biased against Microsoft, but shows enough of their side that it doesn't come across as a shallow review. Lot's of interviews keep the book interesting.

4 out of 5 stars An excellent analysis of the case.......2001-08-26

Heilemann has done a fabulous job with this book. The Wired article was really gripping and the full length book is just as difficult to put down! It really makes you wonder what they're thinking in Redmond - at the end of the book I couldn't help feeling that Gates (as Heilemann presents him) seems a lot like Mr. Burns in the Simpsons episode where Lisa teaches him about recycling and he ends 'recycling' all the fish in the sea for livestock feed. He couldn't figure out why he was wrong and Gates seems to have the same difficulty.

1 out of 5 stars whiny.......2001-06-09

This book is more of a whine session than an informative look into the microsoft case. Poor writing and questionable facts make this book impossible to read. Save your money!

2 out of 5 stars Save Your Money.......2001-05-15

This book was more than "based on" the Wired article, it was the Wired article. I read both the article and the book, and in my opinion there was very little added to the book. I would suggest buying the Wired Magazine that had this article, ... .

Excluding that, the book was well written and entertaining, but somewhat disappointing. The amount of access the author had provided great visibility into the trial, but I felt the author squandered that information. There was very little analysis, and often the author missed humorous/interesting snippets that other books/articles had picked up (e.g. in "The New New Thing" and Upside's news coverage of the trial).

This book felt more like a synapse or a chronology, and it left me wanting more...

5 out of 5 stars Wow, What a Thoroughly Great Book.......2001-05-11

No superlative is adequate to describe the high quality of this incisive reporting. How did this author ever stitch all of this story together? Incredible sources, great insights, and to think Gates almost pulled off the monopolistic crime of the century! Thank you U.S. government for protecting us from this abuse. Thank you John for taking time out of your busy schedule to clue the rest of us in to how this proud giant was humbled, for his own good.
The Antitrust Revolution: Economics, Competition, and Policy
Average customer rating: Not rated
    The Antitrust Revolution: Economics, Competition, and Policy

    Manufacturer: Oxford University Press, USA
    ProductGroup: Book
    Binding: Paperback

    GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
    MicroeconomicsMicroeconomics | Economics | Business & Investing | Subjects | Books
    GeneralGeneral | Business & Investing | Subjects | Books
    GeneralGeneral | Industries & Professions | Business & Investing | Subjects | Books
    AntitrustAntitrust | Business | Law | Subjects | Books
    GeneralGeneral | Law | Subjects | Books
    Non-US Legal SystemsNon-US Legal Systems | Perspectives on Law | Law | Subjects | Books
    AntitrustAntitrust | Business | Law | Professional & Technical | Subjects | Books
    Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
    Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
    All DealsAll Deals | Blowout Books | Stores | Books
    Business & InvestingBusiness & Investing | Blowout Books | Stores | Books
    All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
    Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
    ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
    Similar Items:
    1. Economics of Regulation and Antitrust, 4th Edition Economics of Regulation and Antitrust, 4th Edition
    2. Competition Policy: Theory and Practice Competition Policy: Theory and Practice
    3. Industrial Organization: Theory and Practice (3rd Edition) (Addison Wesley Series in Economics) Industrial Organization: Theory and Practice (3rd Edition) (Addison Wesley Series in Economics)
    4. Lectures on Antitrust Economics (Cairoli Lectures) Lectures on Antitrust Economics (Cairoli Lectures)
    5. Antitrust Paradox Antitrust Paradox

    ASIN: 0195161181

    Book Description

    The Antitrust Revolution: Economics, Competition, and Policy, 4/e, examines the critical role of economic analysis in recent antitrust case decisions and policy. The book consists of economic studies of twenty of the most significant antitrust cases of recent years, fourteen of them new to this edition and six updated from the third edition. These cases include alleged anticompetitive practices by Microsoft, Intel, and American Airlines; mergers-proposed or consummated-by AOL and TimeWarner, GE and Honeywell, MCI WorldCom and Sprint, and BP Amoco and ARCO; and other competitive issues such as bid rigging on school milk contracts, professional sports league practices, prescription drug pricing, and vertical restraints by manufacturers in regard to distributors. New overview essays precede the four sections of the book: Horizontal Structure, Horizontal Practices, Vertical and Related Market Issues, and Network Issues. Commissioned and edited by John E. Kwoka and Lawrence J. White, the case studies are written by prominent economists who participated in the proceedings. These economists were responsible for helping to formulate the economic issues, undertake the necessary economic research, and offer the economic arguments in court. As a result, they are uniquely qualified to describe and analyze the cases. Fully updated with the most current examples, this volume provides detailed and comprehensive insight into the central role that is now played and will continue to be played by economics and economists in the antitrust process. The Antitrust Revolution, 4/e, is ideal for undergraduate and graduate classes in industrial organization, government policy, and antitrust/regulation law and economics. It is also a useful reference book for lawyers and economists--both academics and practitioners--who are interested in the types of economic analyses that have been applied in recent antitrust cases. A companion website is now available at www.oup.com/antitrustrevolution. New to the fourth edition, the site features cases from the previous three editions.
    Economics of Regulation and Antitrust, 4th Edition
    Average customer rating: 3 out of 5 stars
    • Regulators should read it
    • Horrible
    • Heavy life saver!
    • This Book Stinks
    • Review of Economics of regulation and antitrust
    Economics of Regulation and Antitrust, 4th Edition
    W. Kip Viscusi , Joseph E. Harrington , and John M. Vernon
    Manufacturer: The MIT Press
    ProductGroup: Book
    Binding: Hardcover

    EconomicsEconomics | Business & Investing | Subjects | Books | Agricultural | Commercial Policy | Comparative | Consolidation & Merger | Cooperatives | Debt & Deficits | Development & Growth | Econometrics | Economic Conditions | Economic History | Economic Policy & Development | Exports & Imports | Free Enterprise | Inflation | International | Labor & Industrial Relations | Macroeconomics | Microeconomics | Money & Monetary Policy | Natural Resources | Privatization | Public Finance | Statistics | Sustainable Development | Theory | Unemployment | Urban & Regional
    GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
    GeneralGeneral | Business & Investing | Subjects | Books
    IndustrialIndustrial | Management & Leadership | Business & Investing | Subjects | Books
    GeneralGeneral | Finance | Accounting & Finance | Professional & Technical | Subjects | Books
    Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
    Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
    All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
    Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
    ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
    Similar Items:
    1. The Antitrust Revolution: Economics, Competition, and Policy The Antitrust Revolution: Economics, Competition, and Policy
    2. Modern Industrial Organization (4th Edition) (Addison-Wesley Series in Economics) Modern Industrial Organization (4th Edition) (Addison-Wesley Series in Economics)
    3. Antitrust Paradox Antitrust Paradox
    4. Competition Policy: Theory and Practice Competition Policy: Theory and Practice
    5. Lectures on Antitrust Economics (Cairoli Lectures) Lectures on Antitrust Economics (Cairoli Lectures)

    ASIN: 026222075X

    Book Description

    This new edition of the leading text on business and government focuses on the insights economic reasoning can provide in analyzing regulatory and antitrust issues. Departing from the traditional emphasis on institutions, Economics of Regulation and Antitrust asks how economic theory and empirical analyses can illuminate the character of market operation and the role for government action and brings new developments in theory and empirical methodology to bear on these questions.

    The fourth edition has been substantially revised and updated throughout, with new material added and extended discussion of many topics. Part I, on antitrust, has been given a major revision to reflect advances in economic theory and recent antitrust cases, including the case against Microsoft and the Supreme Court's Kodak decision. Part II, on economic regulation, updates its treatment of the restructuring and deregulation of the telecommunications and electric power industries, and includes an analysis of what went wrong in the California energy market in 2000 and 2001. Part III, on social regulation, now includes increased discussion of risk-risk analysis and extensive changes to its discussion of environmental regulation. The many case studies included provide students not only pertinent insights for today but also the economic tools to analyze the implications of regulations and antitrust policies in the future.

    The book is suitable for use in a wide range of courses in business, law, and public policy, for undergraduates as well at the graduate level. The structure of the book allows instructors to combine the chapters in various ways according to their needs. Presentation of more advanced material is self-contained. Each chapter concludes with questions and problems.

    Customer Reviews:

    4 out of 5 stars Regulators should read it.......2007-06-26

    Economics of Regulation and Antitrust offers a broad conclusion on Regulation and Antitrust policies. The issues are well described and easily to understand. Best suited for graduate students in Economics.

    1 out of 5 stars Horrible.......2007-06-04

    This read like a math book with a few interesting facts. I was dumbfouned by reading this book. I would get to class and my professor would explain things using the same examples from the book and I would understand. The book is impossible to follow. It will give you a million variables and different numbers to think about, and then later expect you to remember something it briefly mentioned two paragraphs ago. If you can learn from reading a math book and no class room instruction; I not only would like to meet you but hand you this book. You would probably love it and understand antitrustlaw and regulation as well as the douches at MIT that wrote the thing.

    5 out of 5 stars Heavy life saver!.......2005-02-13

    Seldom books on economic theory, particularly on regulation and antitrust are as clearly and professionally written as this one. A student of economics and Ph.D. hopeful, I keep this book within my hand reach at all times.
    Economics of Regulation and Antitrust cites numerous antitrust and regulatory cases from American and European history and is thought provoking rather than doctrinal. The graphs are exceptionally easy to read and understand. Particularly well written are chapters on regulation of American transportation.
    I continue to use this book for my research and highly recommend it to anybody who is seriously interested in understanding the logic behind regulation acts, game theory, and franchise bidding.

    1 out of 5 stars This Book Stinks.......2004-04-21

    If you are looking for a nonconsistant book that jumps around and does not follow through on its explanation of certain topics than this is the book for you!

    5 out of 5 stars Review of Economics of regulation and antitrust.......2000-05-15

    This work provides an excellent overview of the field of regulation from an economic point of view. The primary focus is economic rather than institutional -- as a result it is more appropriate for economists than for legal scholars. Although the book does not require extensive training in economics, it does assume some formal knowledge of basic economic concepts. Since its focus is economic, little time is spent discussing legal cases surrounding many of the regulations compared with, for example, Law, Business, and Society, by McAdams, et. al.
    International Competition Law: A New Dimension for the WTO?
    Average customer rating: Not rated
      International Competition Law: A New Dimension for the WTO?
      Martyn D. Taylor
      Manufacturer: Cambridge University Press
      ProductGroup: Book
      Binding: Hardcover

      AntitrustAntitrust | Business | Law | Subjects | Books
      GeneralGeneral | Law | Subjects | Books
      GeneralGeneral | International Law | Law | Subjects | Books
      AntitrustAntitrust | Business | Law | Professional & Technical | Subjects | Books
      GeneralGeneral | Law | Professional & Technical | Subjects | Books
      Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
      All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
      ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
      ASIN: 0521863899

      Book Description

      Should an international competition agreement be incorporated into the World Trade Organization? Taylor examines this question, arguing that such an agreement would be beneficial. Existing initiatives towards the regulation of cross-border, anti-competitive conduct have clear limitations that could be overcome by an agreement, and the WTO would provide the optimal institutional vehicle for it. At a practical level, Taylor points out, an international competition agreement could address under-regulation and over-regulation in the trade-competition regulatory matrix, realising substantive benefits to international trade and competition. This book identifies the appropriate content and structure for a plurilateral competition agreement and proposes a draft negotiating text with accompanying commentary, and as such will be an invaluable tool for policy-makers, WTO negotiators, competition and trade lawyers, and international jurists.
      Antitrust Law And Economics In A Nutshell (Nutshell Series)
      Average customer rating: Not rated
        Antitrust Law And Economics In A Nutshell (Nutshell Series)
        Ernest Gellhorn , William E. Kovacic , and Stephen Calkins
        Manufacturer: West Group Publishing
        ProductGroup: Book
        Binding: Paperback

        EconomicsEconomics | Business & Investing | Subjects | Books | Agricultural | Commercial Policy | Comparative | Consolidation & Merger | Cooperatives | Debt & Deficits | Development & Growth | Econometrics | Economic Conditions | Economic History | Economic Policy & Development | Exports & Imports | Free Enterprise | Inflation | International | Labor & Industrial Relations | Macroeconomics | Microeconomics | Money & Monetary Policy | Natural Resources | Privatization | Public Finance | Statistics | Sustainable Development | Theory | Unemployment | Urban & Regional
        Business LawBusiness Law | Reference | Business & Investing | Subjects | Books
        AntitrustAntitrust | Business | Law | Subjects | Books
        GeneralGeneral | Law | Subjects | Books
        NutshellNutshell | Series | Law | Subjects | Books
        AntitrustAntitrust | Business | Law | Professional & Technical | Subjects | Books
        Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
        Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
        All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
        Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
        ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
        Similar Items:
        1. Gilbert Law Summaries: Antitrust Gilbert Law Summaries: Antitrust
        2. Hornbook on The Law of Antitrust: An Integrated Handbook (Hornbook Series Student Edition) Hornbook on The Law of Antitrust: An Integrated Handbook (Hornbook Series Student Edition)
        3. Antitrust (Black Letter Outlines) Antitrust (Black Letter Outlines)
        4. Antitrust Paradox Antitrust Paradox
        5. Trade Regulation Cases and Materials: Cases and Materials (University Casebook Series) Trade Regulation Cases and Materials: Cases and Materials (University Casebook Series)

        ASIN: 0314257233

        Book Description

        Reliable guide on antitrust law. Special attention is given to the expanded role of evidentiary standards and the procedural screens in determining litigation outcomes. A look into recent revisions of public enforcement, immunity-related doctrines, and government intervention is also included.
        The Law And Economics of Article 82 Ec
        Average customer rating: Not rated
          The Law And Economics of Article 82 Ec
          Robert O'donoghue , and Jorge Padilla
          Manufacturer: Hart
          ProductGroup: Book
          Binding: Hardcover

          AntitrustAntitrust | Business | Law | Subjects | Books
          GeneralGeneral | Law | Subjects | Books
          GeneralGeneral | International Law | Law | Subjects | Books
          European UnionEuropean Union | International Law | Law | Subjects | Books
          AntitrustAntitrust | Business | Law | Professional & Technical | Subjects | Books
          International LawInternational Law | Law | Professional & Technical | Subjects | Books
          Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
          All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
          ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
          ASIN: 184113502X

          Book Description

          The Law and Economics of Article 82 EC is a comprehensive, integrated treatment of the legal and economic principles that underpin the application of Article 82 EC to the behaviour of dominant firms. Traditional concerns of monopoly behaviour, such as predatory pricing, refusals to deal, excessive pricing, tying and bundling, discount practices, and unlawful discrimination are treated in detail through a review of the applicable economic principles, the case law and decisional practice, and more recent economic and legal writings. In addition, the major constituent elements of Article 82, such as market definition, dominance, effect on trade, and applicable remedies are considered at length. Jointly authored by a lawyer and an economist, The Law and Economics of Article 82 EC contains an integrated approach to the legal and economic principles that frame policy in this major area of competition law. Although written primarily with practitioners and in-house lawyers in mind, it is essential reading for anyone with an interest in competition-law enforcement against monopoly behaviour.
          Gilbert Law Summaries: Antitrust
          Average customer rating: 5 out of 5 stars
          • One of Gilbert's Best
          Gilbert Law Summaries: Antitrust
          Thomas M. Jorde , Mark A. Lemley , and Robert H. Mnookin
          Manufacturer: BarBri Group
          ProductGroup: Book
          Binding: Paperback

          All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
          Similar Items:
          1. Antitrust Law And Economics In A Nutshell (Nutshell Series) Antitrust Law And Economics In A Nutshell (Nutshell Series)
          2. Antitrust (Black Letter Outlines) Antitrust (Black Letter Outlines)
          3. Hornbook on The Law of Antitrust: An Integrated Handbook (Hornbook Series Student Edition) Hornbook on The Law of Antitrust: An Integrated Handbook (Hornbook Series Student Edition)
          4. Antitrust: Keyed to Sullivan & Hovenkamp (Casenote Legal Briefs) Antitrust: Keyed to Sullivan & Hovenkamp (Casenote Legal Briefs)
          5. Gilbert Law Summaries: Agency, Partnership, & Limited Liability Companies (Gilbert Law Summaries) Gilbert Law Summaries: Agency, Partnership, & Limited Liability Companies (Gilbert Law Summaries)

          ASIN: 0314156348

          Book Description

          Gilbert Law Summaries are America's best selling outlines and have set the standard for excellence since they were introduced more than thirty-five years ago. It's Gilbert's unique combination of features that makes it the one study aid you'll turn to for all of your study needs! Walk into class prepared with a comprehensive outline of the law, a concise capsule summary perfect for a quick review before class, charts of every kind, a text correlation chart so that you can match your specific reading assignment to the relevant pages in the Gilbert outline, and an index and table of cases. Ace your final exams with a step-by-step approach to attack your exam, exam tips, and sample multiple choice, true-false, and essay questions.

          Customer Reviews:

          5 out of 5 stars One of Gilbert's Best.......2007-05-12

          Gilbert Law Summaries can be hit or miss depending on the author(s). I have used 4 of them over the years and this one is by far the best. Antitrust is a difficult subject that requires an enormous amount of legal synthesis. A study aid is a must and I can easily recommend this to any student interested in the topic.
          Markets and Hierarchies, Analysis and Antitrust Implications
          Average customer rating: 4 out of 5 stars
          • Markets and Hierarchies by Oliver Williamson
          • great
          Markets and Hierarchies, Analysis and Antitrust Implications
          Oliver E. Williamson
          Manufacturer: Free Pr
          ProductGroup: Book
          Binding: Hardcover

          Management & LeadershipManagement & Leadership | Business & Investing | Subjects | Books | Business Ethics | Consolidation & Merger | Decision-Making & Problem Solving | Distribution & Warehouse Management | Industrial | Information Management | Leadership | Management | Management Science | Motivational | Negotiating | Operations Research | Planning & Forecasting | Pricing | Production & Operations | Project Management | Quality Control | Risk Assessment | Statistics | Strategy & Competition | Systems & Planning | Systems Analysis | Teams | Total Quality Management | Training
          Similar Items:
          1. The Economic Institutions of Capitalism The Economic Institutions of Capitalism
          2. The Mechanisms of Governance The Mechanisms of Governance
          3. The Theory of the Growth of the Firm The Theory of the Growth of the Firm
          4. Behavioral Theory of the Firm Behavioral Theory of the Firm
          5. The External Control of Organizations: A Resource Dependence Perspective (Stanford Business Classics) The External Control of Organizations: A Resource Dependence Perspective (Stanford Business Classics)

          ASIN: 0029353602

          Customer Reviews:

          4 out of 5 stars Markets and Hierarchies by Oliver Williamson.......2000-03-30

          Markets and Hierarchies is considered a most influential contribution to the institutional economics approach in the strategy literature. Introducing a transaction-cost dimension, it bridges economics and organization theory. Hence, both economists and researchers from the fields of social sciences can find this book appealing. Williamson begins by claiming that conventional economic analysis makes unnecessary assumptions and is too abstract to capture the characteristics of economic exchange and its effect on the transaction consummation mechanism, namely the preference of intrafirm versus interfirm trade. Then he introduces concepts of bounded rationality and opportunism to expand the discussion of organizational forms. He suggests the transaction as the appropriate unit of analysis to evaluate hierarchies and markets. The main argument in the book is presented in the Organizational Failures Framework (OFF), which is designed to specify which mode will be relatively efficient in formulating and executing contracts based on a combination of environmental and human factors. The OFF offers two combinations, a derived condition and a general system effect to explain organizational failures: (1) Bounded Rationality and Uncertainty/Complexity - Faced with conditions of uncertainty and complexity, where the decision tree is not clear, bounded rationality poses information processing and communication problems. A hierarchy would be preferred to a market in this case because internal organization can economize on bounded rationality. (2) Opportunism and Small Numbers - Williamson extends the self-interest assumption in microeconomics to suggest opportunistic behavior. Under such conditions, participants in transactions are expected to reveal partial or distorted information and provide self-disbelieved promises. A small numbers situation at the outset or renewal of a contract induces the risks of opportunistic behavior, which cannot be detected ex ante. Here again, hierarchies would be preferred to markets because in internal organization it is harder to appropriate gains from opportunistic behavior, and because monitoring and conflict resolution mechanisms are more effective. (3) Information Impactedness (asymmetric information) - Under conditions of opportunism and uncertainty, one party can find it costly to achieve information equality. Hierarchies will be preferred to markets because they reduce opportunistic tendencie encourage information sharing and effective communication. (4) Atmosphere - OFF assigns value not only to the outcomes of the transaction but also to the economic exchange process. Internal organization provides more encouraging atmosphere in terms of the development of reciprocal social relationships. Williamson offers several applications to illustrate his arguments and discuss antitrust implications. The replacement of markets by nonmarket alternatives first considers cooperative peer groups. Relative to hierarchies, peer groups are vulnerable to free rider problems and have inefficient communication and decision-making mechanisms. In hierarchies, centralized decision making, auditing procedures and experience rating enable more efficient organization relative to both markets or peer groups. Another application of the transactional perspectives considers the rationale for preferring internal employment relation to markets for idiosyncratic tasks. Transactional difficulties arise in both contingent claims and sequential spot market contracting, thus suggesting an authority relation of internal labor market as a possible solution. The most interesting application of the markets and hierarchies approach refers to vertical integration. The author tries to specify when production components will take place within the firm and when across intermediate product markets. Vertical integration, which leads to the creation of complex hierarchy is justified because: (1) successive processes are more efficient under common ownership; (2) it reduces required monitoring costs; (3) assures efficient factor combinations when one component is under monopolistic supply; (4) reduces bargaining costs to determine ownership of spillovers; and (5) economizes on the acquisition of information relevant to multiple stages. Williamson suggests three ways in which internal transactions can be organized: (1) sales contracts for component supply include contingent claims, incomplete long-term and sequential spot contracts, (2) Unified ownership of plant and equipment extends the simple hierarchy, (3) A complex hierarchy extends the employment relation to including department managers and achieves higher cooperation. An employment relation provides advantages over the other two. Williamson attempts to offer some qualifications to vertical integration. For instance, he claims that when recurrent transactions in the market are characterized by norms of trustworthy, valuable reputation and advanced evaluation mechanisms - incomplete contracts with informal enforcement may become a possible alternative to vertical integration. Furthermore, because vertical integration in highly concentrated industries can create price discrimination and barriers to entry, antitrust concerns may rise where there is a certain degree of monopoly. In addition to the antisocial consequences, vertical integration, can also result in preserved nonviable activities, cross-subsidization, distortion of procurement decisions and uneconomic reciprocity, inefficiencies due to policing costs, managerial commitment to unproductive or obsolete projects, communication distortion and other consequences of opportunism paired with small numbers and information impactedness. Hence, the size of the hierarchical organization is limited by bounded rationality, bureaucratic insularity, discouragement of innovativeness and atmospheric consequences. The reminder of the book is devoted to discussion of the multidivisional structure, conglomerates, dominant firms and oligopolies. These issues raise antitrust questions, and it seems that Williamson offers an unconventional perspective that better scrutinizes the situations that require government interference. In the discussion of market structure and organizational innovation, the author divides innovation to three stages: invention, development and final supply. Williamson suggests that the optimal path is that independent investors and small firms will engage in innovation and initial development, while successful developments will be acquired and be marketed by large M-form firms. In the last few chapters the OFF provides some insights to the evolution of monopolies. Williamson opposes governmental intervention in the case that a monopoly position results from incompetent competitors or from historic accident. Williamson also refutes the convention that oligopoly is no better than monopoly because of maximization of joint profit and collusion. In the OFF view, oligopolists will find it difficult to reach, implement and enforce agreements even when contracts are lawful. Only in highly concentrated mature industries with homogeneous products and exceptional barriers to entry, oligopolistic behavior may turn successful, but exactly in these cases it will be subject to antitrust reaction.

          4 out of 5 stars great.......1999-06-21

          Posting Customer Reviews is a two-step process. First, complete the form below and click "Preview your Review." Then, we will show you how your comments will appear online. When you're ready to submit them, click the "Submit your Review" button on the bottom of the page.
          Ip and Antitrust: An Analysis of Antitrust Principles Applied to Intellectual Property Law (2 vol. set)
          Average customer rating: Not rated
            Ip and Antitrust: An Analysis of Antitrust Principles Applied to Intellectual Property Law (2 vol. set)
            Mark D. Janis , and Mark A. Lemley
            Manufacturer: Aspen Law & Business Publishers
            ProductGroup: Book
            Binding: Hardcover

            AntitrustAntitrust | Business | Law | Subjects | Books
            GeneralGeneral | Law | Subjects | Books
            GeneralGeneral | Intellectual Property | Law | Subjects | Books
            Private LawPrivate Law | Law | Subjects | Books
            AntitrustAntitrust | Business | Law | Professional & Technical | Subjects | Books
            GeneralGeneral | Intellectual Property | Law | Professional & Technical | Subjects | Books
            jp-unknown1jp-unknown1 | Specialty Stores | Books
            All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
            ASIN: 0735522073
            Merger Control in the United Kingdom
            Average customer rating: Not rated
              Merger Control in the United Kingdom
              Andrew Scott , Morten Hviid , and Bruce Lyons
              Manufacturer: Oxford University Press, USA
              ProductGroup: Book
              Binding: Hardcover

              Consolidation & MergerConsolidation & Merger | Management & Leadership | Business & Investing | Subjects | Books
              GeneralGeneral | Administrative Law | Law | Subjects | Books
              Corporate LawCorporate Law | Business | Law | Subjects | Books
              GeneralGeneral | Law | Subjects | Books
              CommercialCommercial | English Law | Law | Subjects | Books
              GeneralGeneral | Administrative Law | Law | Professional & Technical | Subjects | Books
              Corporate LawCorporate Law | Business | Law | Professional & Technical | Subjects | Books
              Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
              Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
              All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
              ASIN: 0199276889

              Book Description

              Merger control in the United Kingdom has recently entered a new phase in its development. The advent of the relevant aspects of the Enterprise Act 2002 has been welcomed as a 'depoliticisation' of the regime. The role of the Secretary of State has been all but excised, and the substantive criteria against which mergers are assessed have been revised to offer formally a competition-based standard. Together with guidance published subsequently, the reforms also prescribe a range of new procedural guarantees for those parties affected under the regime. In addition, the EC merger control regime and in particular the nature of its relationship with the competent authorities of the Member States has been significantly revised. It is against this backdrop that the authors - leading experts with first rate regulatory, practical and academic experience - offer a comprehensive statement of the law, architecture, and procedure of merger control in the United Kingdom; explain the factors pertinent to the economic appraisal of mergers in a manner accessible to a legal audience; and give invaluable practical guidance on managing the transactional process and regulatory risk.

              Books:

              1. Principles of Kinesic Interview and Interrogation, Second Edition
              2. Quicken Willmaker Plus 2007 Edition: Estate Planning Essentials (Book with CD-ROM)
              3. Rural Women Battering and the Justice System: An Ethnography (SAGE Series on Violence against Women)
              4. Rural Women Battering and the Justice System: An Ethnography (SAGE Series on Violence against Women)
              5. Rural Women Battering and the Justice System: An Ethnography (SAGE Series on Violence against Women)
              6. Secrets of Attraction: The Universal Laws of Love, Sex and Romance
              7. Securing Web Services with WS-Security: Demystifying WS-Security, WS-Policy, SAML, XML Signature, and XML Encryption
              8. Sovereign Bodies: Citizens, Migrants, and States in the Postcolonial World
              9. Teachers and the Law (7th Edition) (Teachers and the Law)
              10. The 48 Laws of Power

              Books Index

              Books Home

              Recommended Books

              1. History: Fiction or Science
              2. Elisabeth: The Princess Bride, Austria-Hungary, 1853
              3. Yearbook of Morphology 1995
              4. Acoustic Waves: Devices, Imaging, and Analog Signal Processing
              5. Blizzard of the Blue Moon
              6. Branded: The Buying and Selling of Teenagers
              7. Betta Care
              8. More Alive With Color: Personal Colors - Personal Style
              9. 30 St Mary Axe: A Tower for London
              10. Yo Puedo Leer Sobre Los Caballos