Legal Influences on Economic Concentration
This is a class discussion post. You will follow the prompt below.
Innovation and physical capital are 2 of the 4 factors of production.
Respond to the following
Discuss some specific ways that 1 of the following laws increased the productivity of 1 or both of these factors of production:
1862 Pacific Railway Act
1956 Federal Aid Highway Act
1946 Federal Airport Act
What other examples of economic concentration can you share?
What are the risks and advantages to economic concentration?
How has economic concentration influenced your industry?
Respond to these two classmates below or your faculty member. State why you agree or disagree. State examples as well.Be constructive and professional. 100 words for each of these two statements in response.
1)Good evening,
The 1946 Federal Airport Act was able to increase the productivity through improving the transportation infrastructure for air travel throughout the United States. The act was authorized with federal funding for airport development and it allowed for the construction of new airports and the upgrading of existing ones. With these development it made air travel more efficient and reliable, which has increased productivity by facilitating the movement of people and goods all over the country.
Other examples of economic concentration is when firms that are within the same industry join together, they can take advantage of the existing infrastructure and supply networks. This can cause skilled workers to shift close to such work, allowing easy access to labor that is readily available.
Some of the risk is that it can reduce competition limit choices for the consumer and it can cause an increase in income inequality It can make individuals dependent on those with economic power for their ability to obtain gainful employment. The advantages is that large firms can produce goods more efficiently, leading to cost savings. Economic concentration can cause for prices to decrease and increase innovation.
Economic concentration has helped the financial aid industry because it offers funding to individuals based on need. The more funding access that they are able to provide to students can help with them becoming more successful.
External Economics of Scale https://corporatefinanceinstitute.com
Conroy, E (2023, June 30) How does Increasing Financial Aid Equitable Promote Student Economic Success? https://www.forbes.com/sites
2)North American Railways have traditionally worked by working with tons and tons of bulk heavy loads based on dispatching and running trains, only when they have enough freight to operate. The Pacific railway system is slowly improving and becoming more efficient. thanks to the development of in house and multi modal applied systems in creating a scheduled Railway system.
This new Pacific Railway strategy improves customer service, the use of crews, fixed assets, locomotives and rail cars. The multimodal applied systems are tools using operations research approaches such as optimal block-sequencing algorithm, a heuristic algorithm for block design, very fast simulations, and time-space network algorithms for planning locomotive use and distribution of empty cars.
This implementation has saved Railways millions in labor and fuel costs. Labor productivity, locomotive productivity, fuel consumption of rail cars and velocity have improved by 41%. (IRELAND et al., 2004). The Railway now provides it customers with reliable delivery times.
this concern is growing economic concentration—the rise in the market share of a small number of top firms. These firms are thought to use their enhanced economic power to capture the government and undermine democracy by lobbying. Many scholars and activists have urged the use of antitrust law to combat this threat, leading a “political antitrust” movement that advocates explicit incorporation of political considerations into antitrust enforcement. MCCARTY and SHAHSHAN (2023) Political antitrust has sparked great debate not only in academic circles but also among policymakers. players to seek political influence through lobbying. Ultimately, our findings show that the political antitrust movement’s claims are not empirically well-supported in the lobbying context. Our findings do not allay all concerns about transformation of economic power into political power, but they show that such transformation is complex and nuanced, and they counsel caution about reshaping antitrust law in the name of protecting democracy.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
