Photo by Marques Thomas on UnsplashAdam Ozimek had an interesting tweet today:It's a compelling point. The op-ed he's referring to is by law professor Zephyr Teachout, in which she accuses grocery stores of using market power to squeeze out smaller competitors and raise prices for consumers. I'm not sure who has "mocked" Teachout's article, but Alex Tabarrok did a very good job of dismantling its arguments.
I'm not sure who has "mocked" Teachout's article, but Alex Tabarrok did a very good job of dismantling its arguments. As Tabarrok points out, Teachout's argument is simply incoherent; she blames big grocery stores for jacking up the price of eggs, but then she cites lower egg prices at big grocery stores as evidence of this wrongdoing:Cities have the power to bring down food prices. Big retailers often flex their muscles to demand special deals [from suppliers].
Big retailers often flex their muscles to demand special deals [from suppliers]. Those discounts are.