This week’s IGM Economic Experts Panel statements:
A) Forcing Amazon to divest Whole Foods now would be in the public interest.
B) Acquisitions by large tech platforms where there are risks of anti-competitive effects like those posed by Amazon’s acquisition of Whole Foods should not be permitted.
C) Large tech platforms, such as Amazon Marketplace and Google Search, should be designated as ‘platform utilities' and broken apart from any participant on that platform.
Keyword: Amazon
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This week’s IGM Economic Experts Panel statements:
A: Amazon has monopsony power in the market for books that is significantly reducing the supply of books.
B: Amazon has sufficient monopsony power that regulatory intervention is likely to make consumers of books better off, taking into account implementation costs and the effect of intervention on incentives.
This week’s IGM Economic Experts Panel statement:
Subjecting online sales from out-of-state vendors to the same retail sales taxes imposed on in-state sales would raise more tax revenue in the states making this change while reducing the pro-online bias of current policy.
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