Abstract
With the onset of the information age, the concept of monopoly has changed. Do large IT conglomerates have the power to override traditional market mechanisms that were once seen as a guarantee of continued competition? For example, is it possible to hold a company that dominates both the market for operating systems and the market for the application software that runs on them sufficiently to account? Might companies that control the flow of information be tempted to influence the information itself? Waseda University professor Mitsuru Iwamura examines the traditional economic models of monopoly and discusses their applicability to information and IT products. Comparing the monopolies of the industrial age with those of the present, the author concludes that it would be dangerous to give undue weight to the demands of those who already control information resources while neglecting the rights of those who have yet to enter the market.
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