Geoff Manne on the FTC’s Amazon Lawsuit
American Institute for Economic Research – ICLE President Geoffrey Manne was cited by the American Institute for Economic Research in a blog post about the FTC’s antitrust case against Amazon. You can read full piece here.
In the FTC’s reductively defined market of “online superstores,” Amazon could control more than 60 percent. “This alleged market is so narrowly drawn that it appears to include just Amazon, eBay, and the online stores offered by Walmart and Target,” writes the International Center for Law and Economics (ICLE) President Geoffrey Manne. However, Amazon likely accounts for less than 30 percent of domestic online retail and just 5 percent of domestic retail generally. Roughly 80 percent of global retail still occurs in physical stores. The FTC omits key retail competitors such as brick-and-mortar stores, online specialty retailers, product brands’ own websites, and the like.