E-books, MFNs and a European Commission blowing hot and cold

A few weeks ago, the European Commission opened an antitrust investigation into the Most Favored Nation clauses (MFNs) included in the agreements that tech giant Amazon concluded with book publishers. Konstantina Bania, Researcher at Fundação Getulio Vargas and the European University Institute, explains the implications of these clauses for competition in content markets and argues that the Commission’s approach is inconsistent with older decisions.