Microsoft's Pricing of Windows: A Reply to Reddy, Evans, Nichols, and Schmalensee
Despite arguments to the contrary, PCheterogeneity may go a long way towardexplaining why the price ofWindows might be as low as it is.
A Monopolist Would Still Charge More for Windows: A Comment on Werden
Even when heterogeneity of demand for computers is taken into account, Microsoft's pricing of Windows is inconsistent with the government's claim that Windows is a monopoly, protected by high entry barriers. Werden's claim to the contrary rests on confusion between local and global maxima and on his use of assumptions about thePC market that are demonstrably false.
The New Palgrave : the world of economics
The 100 essays include: Capital Gains and Losses E.Malinvaud - Cobweb Theorem B.Peter Pashigian - Congestion A.Walters - Constitutional Economics J.M.Buchanan - Economic Interpretation of History E.Gellner - Economic Theory and the Hypothesis of Rationality K.J.Arrow - Family G.S.Becker - Financial Intermediaries J.Tobin - Hyperinflation P.Cagan - Liberalism R.Dahrendorf - Market Failure J.O.Ledyard - Monetary Policy H.Wallich & D.Lindsey - Monopoly E.G.West - National Income W.Beckerman - Neutral Taxation A.C.Harberger - Poverty A.B.Atkinson - Terms of Trade R.Findlay - Trade Unions H.Phelps Brown - Value of Life T.Schelling - Welfare Economics A.M.Feldman