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ORDO

Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft

Ed. by Apolte, Thomas / Berthold, Norbert / Budzinski, Oliver / Goldschmidt, Nils / Kerber, Wolfgang / Kolev, Stefan / Leschke, Martin / Mestmäcker, Ernst-Joachim / Möschel, Wernhard / Müller, Christian / Pies, Ingo / Sally, Razeen / Schnabl, Gunther / Schnellenbach, Jan / Schüller, Alfred / Schweitzer, Heike / Vanberg, Viktor J. / Watrin, Christian

Online
ISSN
2366-0481
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Is Amazon The Next Google?

Oliver Budzinski / Karoline Henrike Köhler
Published Online: 2016-05-11 | DOI: https://doi.org/10.1515/ordo-2015-0114

Summary

Dominant or apparently dominant internet platform increasingly become subject to both antitrust investigations and further-reaching political calls for regulation. While Google is currently in the focus of the discussion, the next candidate is already on the horizon - the ubiquitous online trading platform Amazon. Competitors and suppliers but also famous economists like Paul Krugman unite in criticizing Amazon′s market power and alleged abuse of it. In this paper, we collect the multitude of allegations against Amazon and categorize them according to types of potential anticompetitive conduct or types of market failure. We provide an economic analysis of these allegations based upon economic theory as well as publicly available information and data. As one of our main results, we find that the most severe allegations against Amazon do not hold from an economic perspective and, consequently, do not warrant regulation or other drastic interventions (like breaking the company up). However, several areas of conduct, in particular, the use of best price clauses and the (anti-) competitive interplay of Amazon and the major publishers in the e-book market require competition policy action. The standard antitrust instruments, enriched with modern economic theory, should suffice to disincentivize the identified anticompetitive conduct for now.

About the article

Published Online: 2016-05-11

Published in Print: 2015-01-01


Citation Information: ORDO, Volume 66, Issue 1, Pages 263–288, ISSN (Online) 2366-0481, ISSN (Print) 0048-2129, DOI: https://doi.org/10.1515/ordo-2015-0114.

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© 2015 by Lucius & Lucius, Stuttgart.

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[1]
Oliver Budzinski
List Forum für Wirtschafts- und Finanzpolitik, 2017

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