Bruce Abramson
ISBN: 0262511967
edition 2006
PDF
375 pages
Abramson, a lawyer with a Ph.D. in computer science and an interest in microeconomics, has an explanation for the dot-com bubble's collapse based in classical economics: confused by network theorists, giddy investors assumed well-timed dot-com startups would reap monopoly profits from a geometrically expanding Web (hence the bubble), while, in fact, the Internet proved a hotbed of cutthroat price competition where profits are hard to come by (hence the collapse). With that out of the way, the bulk of Abramson's book is taken up with what he sees as the engine for new growth: intellectual property rights.

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