Abstract
Economics, particularly through the field of Industrial Organization, has always influenced antitrust. The power of economics is its ability to provide visions of the world — i.e. theories — that can explain behavior — i.e. facts. Both theory and fact are crucial. Theory without fact has an untested quality that many abhor, particularly lawyers who consider themselves steeped in everyday reality; fact without theory has an ad hoc cast, making, at the extreme, all cases individual and unconnected to each other. Both theory and fact have had important roles in the history of the influence of economics upon antitrust, as I have written elsewhere.1
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Muris, T.J. (1999). Is Heightened Antitrust Scrutiny Appropriate for Software Markets?. In: Eisenach, J.A., Lenard, T.M. (eds) Competition, Innovation and the Microsoft Monopoly: Antitrust in the Digital Marketplace. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-4407-0_4
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DOI: https://doi.org/10.1007/978-94-011-4407-0_4
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