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- LAST week, the Nobel prize in economics was awarded to Jean Tirole (see this week's Free exchange column) for his work examining the difficulties in regulating firms with substantial market power. Mr Tirole's research is as relevant as ever, thanks to growing concern over the weight tech titans are throwing around in their corners of the economy. Paul Krugman does not mince words in summing up a widespread view of one particular internet behemoth:
Amazon.com, the giant online retailer, has too much power, and it uses that power in ways that hurt America.