Donald Marron has an interesting post about Amazon's negotiations with book publishers. The gist of it is whether Amazon's policy of buying electronic books for $13 and selling them for $9.99 is good for the industry. In the short run, at least, publishers sell more books at higher prices. The long-run potential cost of this practice is that Amazon becomes the "platform" or "essential facility" of choice for buyers and sellers of books. Currently it sells 80% of online books.
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