The Market Power of Technology
Book •
In The Market Power of Technology, Mordecai Kurz provides a rigorous, technical analysis of how technological advances can generate persistent market power for firms rather than being nullified by competition.
The book uses mathematical models and econometric evidence to show mechanisms—such as patent strategies and product differentiation—that allow firms to maintain dominant positions.
Kurz examines the economic consequences of concentrated market power for income distribution and innovation incentives.
The work served as the foundation for his subsequent, more political treatment of these themes, linking economic concentration to democratic decline.
It is targeted at economists and policy researchers seeking a formal understanding of technology-driven monopolies.
The book uses mathematical models and econometric evidence to show mechanisms—such as patent strategies and product differentiation—that allow firms to maintain dominant positions.
Kurz examines the economic consequences of concentrated market power for income distribution and innovation incentives.
The work served as the foundation for his subsequent, more political treatment of these themes, linking economic concentration to democratic decline.
It is targeted at economists and policy researchers seeking a formal understanding of technology-driven monopolies.
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Mentioned by the author as his earlier, more technical book that led to the current one.
652: Can Democracy Survive Free Market Capitalism? (with Professor of Economics Emeritus at Stanford University, Mordecai Kurz)
