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Most monopolies are temporary, thanks to the free market

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Most monopolies are temporary, thanks to the free market

Ryan Singel explains why Google may not dominate the net, at Wired. And it has nothing to do with antitrust scrutiny of the company’s activities, such as the flap over Google’s purchase of ITA Software.

Google slayed Microsoft and Yahoo in the battle for search supremacy but it has been slowly losing momentum in what may turn out to be the real war — the one for the display ad revenues — to an unlikely foe: the dorm-room-born Facebook.

At a recent conference sponsored by the Technology Policy Institute, Robert W. Crandall and Charles L. Jackson shared a draft of a paper they are working on analyzing the IBM, AT&T and Microsoft antitrust cases. Crandall and Jackson argue that in each of the three cases,

the ultimate source of major changes in the competitive landscape appears to be innovation and new technology — technology that was apparently not unleashed by the antitrust litigation.