8 Do you think Antitrust Law should be applied differently i

8. Do you think Antitrust Law should be applied differently in our high tech age? Why or why not?

Solution

Anti trust Law plays a central role in today\'s high tech age. Antitrust is essential to prevent anti-competitive excesses and monopolies and to encourage the competitive energy so essential to spurring economic growth. Millions of consumers depend every day on the enforcement of antitrust law in the high-tech sector as all others to ensure that the they have competitive choices, to spur innovation, and to keep prices low and quality high.

Antitrust authorities need to exercise special care in making enforcement decisions respecting high-technology industries. Well-known problems of centralized decision-making are rooted in limited information available to the decision-makers along with difficulties of analysis and prediction irrespective of social trends or technology.High-technology cases involve technical issues that are not readily understood by non-specialists and business directions that are not obvious even to the best-informed insiders.

The mismatch between hope and change in using antitrust to regulate the leading high-tech firms is more pronounced because, while the concerns over network effects are dynamic, the principal tools for antitrust analysis as it relevant to static.These tools almost inevitably orient enforcers decisions toward excessive concern with one part of what rightly understood, is a much larger competitive as it is unpredictable.

Theories have emerged that, if embraced by the courts, could give antitrust enforcers much greater scope for restraining aggressive competition from market-leading individual firms, but these depend on assumptions about the limits of market competition that seem ill-suited to high-tech markets where new ideas allow one firm to replace another and one technology to replace another in unpredictable fashion.

As it\'s a dynamic environment of high tech age, Laws should be applied differently in our high tech age.