Internal emails revealed in court and interviews with ex-employees describe how Amazon’s practices drove up prices for competitors like Walmart and Target. Amazon denies price-fixing claims and says it works to lower costs for consumers
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Graham Watson
onto Microeconomics: IB Economics July 21, 1:55 PM
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A fascinating look behind the curtain at how why Amazon has been accused of price-fixing, succeeded in driving up the price of goods sold by its competitors, Walmart and Target and potentially abused its dominant position - as a monopsony - relative to its suppliers.
It's a little bit warts and all - with internal e-mails and former employee testimony suggesting that the company is guilty of anti-competitive behaviour. However, its executives are canny operators: you don't discuss such practices via e-mail - it leaves a paper trail - discussing it on the phone or via video link makes it far harder to prove.