High-Technology Industries and Market Structure

Hal Varian, University of California, Berkeley

1/01/2005
(Original Publish Date: 9/4/2001)

This is a review of various economic phenomenon that are important in high-technology industries, such as personalization of products and pricing, versioning, bundling, switching costs, lock-in, economics of scale, network effects, complements, and computer-mediated contracts. Most of these forces tend to point toward higher industry concentration rations for technology-intensive industries.