WASHINGTON -- The dangers of Amazon.com's dominance are "not cognizable" if we continue to assess competition through old and outdated lenses. So wrote a Yale Law School student in 2017.
Lina Khan's paper "Amazon's Antitrust Paradox" noted in game-changing fashion that the current framework of antitrust -- which equates competition with consumer welfare and measures it through price and output -- "fails to capture the architecture of market power in the twenty-first century marketplace."
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