Cooperative activities, or joint ventures, are becoming increasingly popular as instruments of strategic action. But although more and more companies are entering into these alliances full of hope and enthusiasm, past experience shows that most will likely experience the disillusionment of having their ventures fall apart. William Murphy contends that our understanding of the strategic management of collective action needs improvement if the hoped for benefits of cooperation are to be realized. In this work, he examines the management of a specific type of cooperative action that has become critically important to company and national competitiveness: the cooperative research venture. Murphy thoroughly details this new class of inter-firm cooperation to produce knowledge, which has only recently been made possible by changes in the competitive and legal environments. He begins with an introduction and review of the prior literature on cooperative ventures, followed by an extensive survey of competition and cooperation. The management challenges of cooperative research, particularly the need to forge a consensus among participants, are examined in a brief chapter, which precedes four studies of specific cooperative ventures: the Chemical Industry Institute of Toxicology, the Microelectronics and Computer Technology Corporation, Sematech, and U.S. Memories. A final chapter draws conclusions and lessons from the examples, and three appendixes detail antitrust laws applicable to cooperative ventures, Japanese and European microelectronic and computer ventures, and cooperative ventures under NCRA. This work will be an important resource for executives and managers in companies involved in research and development, as well as for college courses in business and economics. Public and academic libraries will also find it to be a valuable addition to their collections.
Do the antitrust laws have a place in the digital economy or are they obsolete? That is the question raised by the government's legal action against Microsoft, and it is the question this volume is designed to answer. America's antitrust laws were born out of the Industrial Revolution. Opponents of the antitrust laws argue that whatever merit the antitrust laws may have had in the past they have no place in a digital economy. Rapid innovation makes the accumulation of market power practically impossible. Markets change too quickly for antitrust actions to keep up. And antitrust remedies are inevitably regulatory and hence threaten to `regulate business'. A different view - and, generally, the view presented in this volume - is that antitrust law can and does have an important and constructive role to play in the digital economy. The software business is new, it is complex, and it is rapidly moving. Analysis of market definition, contestibility and potential competition, the role of innovation, network externalities, cost structures and marketing channels present challenges for academics, policymakers and judges alike. Evaluating consumer harm is problematic. Distinguishing between illegal conduct and brutal - but legitimate - competition is often difficult. Is antitrust analysis up to the challenge? This volume suggests that antitrust analysis `still works'. In stark contrast to the political rhetoric that has surrounded much of the debate over the Microsoft case, the articles presented here suggest neither that Microsoft is inherently bad, nor that it deserves a de facto exemption from the antitrust laws. Instead, they offer insights - for policymakers, courts, practitioners, professors and students of antitrust policy everywhere - on how antitrust analysis can be applied to the business of making and marketing computer software.
Reviews theories of competition and existing literature, and examines the attributes of market competition and strategies adhered to by firms in the global marketplace. Provides an in-depth analysis of a broad spectrum of important topics on competitive strategies and tactics.
Offering a concise and critical comparison of EU competition law and US antitrust law from an economic perspective, this is the ideal textbook for international and interdisciplinary courses combining law and economic approaches.
"This work illustrates how domestic competition law policies intersect with the realities of international business. The first part of the book provides country reports explaining the extraterritorial reach of national laws; the countries covered are: Australia, Brazil, Canada, China, the EC, Israel, Japan, Singapore, and the United States. The second part of the book offers several proposals for effectively managing these overlapping competition policy regimes--by the publisher."
Drug control by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Security and Terrorism
Looking at the current state of the EU - US trade relationship, this text studies attempts at economic integration and cooperation, arguing that it can provide information about the evolution of new policies and practices to manage the transatlantic economy.
Inhalt: Hans Pohl: Introduction - International Markets: Wilfried Feldenkirchen: Competition and Cooperation in the German Electrical Industry in the Home and World Markets - Harm G. Schroter: Fields of Competition and of Cooperation: Cartel Structures in the International Chemical Industry Regional Markets: a) Europe: Jurij A. Petrov: Russian-German Economic Relations in the 19th - Early 20th Centuries - Zdenek Jindra: Konkurrenz und Zusammenarbeit in den Geschaftsbeziehungen der Firmen Fried. Krupp/Essen und Skodawerke/Pilsen zwischen 1890-1914 - Pierre-E. Mounier-Kuhn: La Compagnie des Machines Bull et l'industrie informatique americaine - Francesco Chiapparino: Cooperation and Competition among National and International Firms in Industrializing Italy - Walter Minchinton Y: Competition and Cooperation. The British Cider Industry since 1880 b) Latin America: Rolf Walter: Europaische Unternehmen auf sudamerika-nischen Markten c) Asia: Hiroaki Yamazaki: Competition and Cooperation in the Japanese Textile Industries during the Inter-War Period - Aron Shai: The Closure of British and French Commercial Interests in China in the 1950s. (Franz Steiner 1997)