Amazon and Monopsony

On Sunday of this week, Paul Krugman posted a now-much debated op-ed entitled: Amazon’s Monopsony is Not Okay. For those unfamiliar with the article or the debate that surrounds it: it is about Amazon’s enormous market power, and the impact that power is having on the publishing market as a whole. Specifically, publisher Hachette is currently in a dispute with Amazon, who are pressuring Hachette to change their rates for e-book prices by cutting off the supply of Hachette’s authors’ books to the public: making them either delayed or completely unavailable. Most of the experts, regardless of their political leanings Continue reading Amazon and Monopsony