The United States versus Paramount Pictures, Inc. Essay

The United States v. Paramount Pictures, Inc. (1947) case deals with monopolies and antitrust laws. I chose the trusts/monopolies topic due to my interest in finance and economics. Since elementary school, I have been fascinated by John D. Rockefeller’s story about his oil monopoly. This history has caused me to be interested in monopolies and trusts. I began enjoy reading about the elite who obtained their wealth illegally. After reading and watching The Great Gatsby and watching the movie Catch Me If You Can, I have been fascinated with counterfeit wealth and how people may have gotten away with breaking the law. My favorite thing about APUSH is learning how the economy has changed over time and how that has affected the lifestyle of the†¦show more content†¦These â€Å"Big Five† created an alliance of theater chains that monopolies on the profits of movies’ first-run and absolutely crushed other independent production countries. The Paramount case wen t into Federal Court in New York in 1940. The was a consent decree; the compromise allowed the Big Five to retain their chains in exchange for restriction on block-booking(selling multiple movies to a theater as a unit). This also outlawed blind bidding, so all films were required to be shown to the buyers before selling them (SIMPP, 2002). The independent exhibitors were unhappy with this decision, because it still gives a tremendous amount of power to the Big Five. Companies like Universal and Columbia didn’t own theaters and relied heavily on block-booking. The independent producers created the Society of Independent Motion Picture Producers (SIMPP). The case turned around when SIMPP was created (SIMPP, 2002). There was an opposition to the Big Five, but the problem was the independent producers weren’t united. The Consent of Decree of 1940 expired and the Justice Department began the â€Å"New York Equity Suit† (SIMPP, 2002). This case now involved the original Big Five producing companies and three smaller companies who were unhappy with the ruling of the consent of decree such as Universal and Columbia. These three companies were known as the â€Å"Little Three† SIMPP spent $10,000 to unsuccessfully file an amicus curiae brief. They didn’t have enough time for the approvalShow MoreRelatedThe Studio System Essay14396 Words   |  58 Pagesbiggest industries in the United States, indeed the World, the internal workings of the dream factory that is Hollywood is little understood outside the business. The Hollywood Studio System: A History is the first book to describe and analyse the complete development, classic operation, and reinvention of the global corporate entities which produce and distribute most of the films we watch. Starting in 1920, Adolph Zukor, head of Paramount Pictures, over the decadeRead MoreStudy Habits and the Academic Performance of the Pupils.7856 Words   |  32 Pagesa fact they want or passage in literature dose not make you a good student. There are number of ways to study more effectively. Some students try to think a fact they wanted to remember with something they already know. Others use rhymes, mental picture and other memory aids called mnemonic devices to help recall certain information. (Greenberg, 1992) Moreover, one of the most basic approaches to learning any information is simply to repeat it by rote. Typically this will include reading overRead MoreHuman Development: Basic Trust vs. Basic Mistrust (Birth to 18 Months)2084 Words   |  9 Pagessupport system, Benjamin developed the basis of self-esteem and autonomy that would continue to be challenged and strengthened in the next stages of development. 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Mattel is a designer, manufacturer, and marketer of traditional toy products. Mattels products are sold directly to retailers and wholesalers in 150 countries in North America, Europe, Asia and Latin America. TheRead MoreCorporation (Fisch) Outline Penn Law Essay62808 Words   |  252 Pages ââ€" ª Sole Proprietorship- single owner firm ââ€" ª Partnership- an association of two or more persons to carry on as co-owners of a business for profit ââ€" ª Corporation- a special business form created by state law, requiring cooperation of the state ââ€" ª Modern firms have additional options †¢ LLCs, LLPs, BusinessTrusts, etc ââ€" ª Key components †¢ Nature of ownership †¢ Formality of structure Read MoreNetflix Strategy27689 Words   |  111 PagesExhibit 16: Average Inventory Holding Period ..62 Exhibit 17: Industry Financial Ratios ..63 Exhibit 18: Netflix, Inc. 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Dactylic Hexameter

Dactylic Hexameter is a very important meter in Greek and Latin poetry. It is especially associated with epic poetry, and so is referred to as heroic. The very words dactylic hexameter often stand for epic poetry. Why Dactyl? Dactyl is the Greek for finger. [Note: The Homeric epithet for the goddess Eos (Dawn) is rhododactylos or rosy-fingered.] There are 3 phalanges in a finger and, likewise, there are 3 parts of a dactyl. Presumably, the first phalanx is the longest in the ideal finger, while the others are shorter and about the same length, since long, short, short is the form of the dactyl foot. The phalanges here refer to the syllables; thus, there is a long syllable, followed by two short ones, at least in the basic form. Technically, a short syllable is one mora and a long is two morae in length of time. Since the meter in question is dactylic hexameter, there are 6 sets of the dactyls. The dactylic foot is formed with one long followed by two short syllables. This may be represented with a long mark (for example, the underscore symbol _) followed by two short marks (e.g., U). Put together a dactylic foot can be written as _UU. Since were discussing dactylic hexameter, a line of poetry written in dactylic hexameter could be written like this:_UU_UU_UU_UU_UU_UU. If you count, youll see 6 underscores and 12 Us, making up six feet. However, dactylic hexameter lines can also be composed using substitutions for the dactyls. (Remember: The dactyl, as stated above, is one long and two short or, converted to morae, 4 morae.) A long is two morae, so a dactyl, which is the equivalent of two longs, is four morae long. Thus, the meter known as spondee (represented as two underscores: _ _), which is also the equivalent of 4 morae, can substitute for a dactyl. In this case, there would be two syllables and both would be long, rather than three syllables. In contrast with the other five feet, the last foot of the line of dactylic hexameter is usually not a dactyl. It may be a spondee (_ _) or a shortened spondee, with only 3 morae. In a shortened spondee, there would be two syllables, the first long and the second short (_ U). In addition to the actual form of the line of the dactylic hexameter, there are various conventions about where substitutions are likely and where word and syllable breaks should occur [see caesura and diaresis]. Dactylic hexameter describes Homeric epic meter (Iliad and Odyssey) and that of Vergils (Aeneid). It is also used in shorter poetry. In (Yale U Press, 1988), Sara Mack discusses Ovids 2 meters, dactylic hexameter and elegiac couplets. Ovid uses the dactylic hexameter for his Metamorphoses. Mack describes a metrical foot as like a whole note, the long syllable as like a half note and the short syllables as like quarter notes. This (half note, quarter note, quarter note) seems a very useful description for understanding a dactylic foot.

The Problem Of Juvenile Delinquency Essay - 1877 Words

Abstract 250 words Introduction The problem of juvenile delinquency is not new to the society. It occurs in all societies simple as well as complex. Juvenile Delinquency is committing of criminal acts or offences by minors, i.e. juveniles (individuals younger than the statutory age of majority). These acts does not follow under the category of ‘crimes’ as they would be for adults. Rather, crimes committed by minors or juveniles are called ‘delinquent acts’. It is not only a legal problem but also a psychological problem and the one who has to tackle it has to consider both psychological and familial angles of the problem. It includes two types of behaviors, i.e. status and delinquent offences. Status offences are the ones which are inappropriate or unhealthy for children and the adolescents and thus the behavior is prohibited because of the age of the offender. Smoking, drinking, truancy and running away from home are some examples of status offences. Delinquent offences mean violation of legal statutes. For example, murder, rape, assault, harassment, stalking, robbery, etc. Special courts are established with specially trained Magistrates for the trial of the delinquents. Instead of a ‘trial’, the juvenile has ‘adjudication’, after which he/she receives a ‘disposition’ and a sentence. It also provides for the formation of reformatory schools for the delinquents. In a developing country like India the problem of juvenile neglect and delinquency is considerably increasingShow MoreRelatedJuvenile Delinquency Is A Problem1508 Words   |  7 PagesJuvenile Delinquency When looking into the history of United States and elsewhere juvenile delinquency is a problem and has been one for over a century. Like other systems in place, the system involving juvenile delinquents has gone through many stages. In the case of the juvenile delinquency, it has gone through four stages, with us presently in the fourth. The causes behind juvenile delinquency are still unknown even today. Some blame it on the current culture, the over-exposure to violenceRead MoreThe Problem Of Juvenile Delinquency Essay1201 Words   |  5 PagesJuvenile delinquents are defined as being minors between the ages of 10 and 18. To be considered an delinquent the minor has committed some act that violates the law. These acts aren’t called crimes as they would be for adults. Rather than being called crimes, when committed by minors these acts are called delinquent acts. Delinquent acts generally fall into two categories. The first type of delinquent act is one that would be co nsidered a crime had an adult committed it. The second type of delinquentRead MoreThe Problem Of Juvenile Delinquency894 Words   |  4 Pagesmost are just beginning puberty, these young boys and girls are becoming juvenile delinquents because they chose the wrong path or the wrong path was laid out for them. 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It is ironic in America, today, one must have a driver s license to operate a vehicleRead MoreProblem of Juvenile Delinquency1935 Words   |  8 PagesUnit 2 Project Philippe Francois the problem of juvenile Delinquency This paper explains that juvenile delinquency, it will make the argument on how to reduce it and bring light to this problem which is fast becoming one of the largest problems facing urban America. It can lead to law-breaking juvenile, which often can lead to adult lives as career criminals. Over the years experts have given us many theories on the causes of juvenile delinquency, including ones economic background, parentsRead MoreThe Problem Of Juvenile Delinquency3617 Words   |  15 PagesAbtract Setting the problem Juvenile delinquency can be closely related to many sociology problems across the United States, America’s youth in the 21st century are more at risk that this present time frame compared to 10-15 year. 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Implementing juvenile delinquency intervention programs ma y be the first step to combating this crime problem. There is potential to reduce future crime if the youths of today can be reached and helped with these programs. I have picked four programs which I believe will help combat these delinquencyRead MoreThe Problem Of Juvenile Delinquency892 Words   |  4 PagesStudy Group. In the year 2004 girls made up thirty percent of all juvenile arrest. However, the question still remains whether it is an increase in juvenile delinquency or society’s response to girl’s behavior. In order to find out the answers to these questions the office of Juvenile Justice and Delinquency prevention created the Girls Study Group. To fight the statistics and improve the lives of girls in danger of juvenile delinquency. Resiliency is the power to be able to deal with a tremendous

Price and Market for Analysis of Airlines Pricing -myassignmenthelp

Question: Discuss about thePrice and Marketfor Analysis of Airlines Pricing Strategy. Answer: Introduction Airlines have always practiced charging different prices from different customers. In the huge world of aviation history, this phenomenon of different prices exists for every airline, small or big. The airlines charge different prices for the tickets based on flying class, extra services such as meal cost, luggage cost, time of ticket sales, time of flying, season, privilege membership etc. This is termed as price discrimination in economics. The practice of selling the same product or service at different prices to different consumers for maximizing revenue and profit is known as price discrimination (Baumol and Blinder 2015). The sellers act as a monopolist or oligopolists and determine the price through price discrimination. In the airlines industry, the price of the tickets fluctuates over the period of sales. It rises rapidly when the departure date approaches. It is a very important phenomenon because an individual pays a price for the seat, which might be significantly differe nt from the person sitting next to him. This practice helps the airlines to maximize profits multiple times than what they would have made otherwise. This phenomenon is also known as price differentiation or intertemporal price discrimination. This occurs when heterogeneous customers take entry into the market at different point of time, this creates incentives and opportunities for the airlines to discriminate the price and maximize profits (Moulin 2014). The following report focuses on economic analysis of the pricing strategy by the airlines. Price Discrimination Various Aspects of the Exchange Process Price discrimination is a very common practice in the business world. Firms apply this practice to get different prices from different customers. This is a pricing strategy that enables the firms to charge differentiated prices for the same good or service. Under pure price differentiation, the firms charge the maximum price to each consumer, which he is willing to pay. In the common practice, it is seen that firms make segmentations of the consumers based on different attributes and make separate target groups and charge different prices to different customer groups (Varian 2014). When the profit from separate markets is greater than the profit from the combined market, the firms go for price discrimination. The relative demand elasticities of the markets determine the level of price discrimination. In a relatively inelastic market, the price is charged at a higher rate and in the relatively elastic market, price is charged at a lower rate (Baumol and Blinder 2015). Figure 1: Price Discrimination (Source: Varian 2014) There are three types of price discrimination, namely, first degree, second degree and third degree. First degree discrimination arises when a firm charges the maximum price for each unit that a consumer is willing to pay. This process captures the entire consumer surplus for the firm. The second degree occurs when the firms charge different price for different quantities of a product or service consumed. For example, when a firm gives discount on bulk purchases, then second degree discrimination is practiced. In third degree, a company applies price discrimination to different customer groups (Nicholson and Snyder 2014). In case of airlines, the industry has the market with different customer segments. From high value business customers to lower income class and holiday tourists, the airlines have one of the most diverse and segmented markets. The third degree discrimination is most common in this industry. The airline companies make different segments of market based on income, needs, tastes and preferences, and prices accordingly (Chandra and Lederman 2015). The airline companies and different groups of customers are the agents in this system. An airline charges higher price for a particular flight, whose demand is high. Similarly, people prefer to travel on weekends; hence, the weekend flights are more expensive than weekday flights. Price differentiation occurs in the economy and business class tickets, for additional services such as, meals on board, extra leg room, blankets, books, magazines, headphones, luggage, booking time, flying schedule, on and off season, choice of destination etc. Hence , the airlines charges price for convenience. The business class tickets are way too costly than the economy class tickets, but the comfort is much more in the business class, with special services such as extra leg room, complementary meals, extra luggage allowance etc. Again, the flight, which departs at midnight is priced lower than the one that departs in a convenient time in the day. Time of purchase is also crucial in this industry. As the departure date closes in, the price rises considerably. Lower price comes with certain disadvantages such as non transferable and non refundable tickets, no extra luggage allowance, no complementary meals etc. (Escobari and Jindapon 2014). The equilibrium outcome is achieved when the combined profit is maximized. The airlines use techniques, like, Expected Marginal Seat Revenue (EMSR) for optimizing the fare. This system depends on choice and distance of destination, revenue generating opportunities across the network. When the difference between the cost of flying, that is, fuel cost and operating cost and the revenue earned is maximized, equilibrium is reached and fare is decided for different groups of customers (Lazarev 2013). Factors Affecting market Outcomes Over Time There are many factors that can affect the market outcome over time. Firstly, the customer profiling made by the airlines help to set the prices. The airlines can make reasonable assumptions on the profile of passenger traffic on a route and set the prices accordingly. For example, the price for a holiday destination is different from that for a business destination. Similarly, when the airlines assume that tourists generally book for an early morning flight, and months before the holidays, then they are tempted to raise the price high for the seats on the holiday destination routes and would adjust later based on the market demand. On a business route, the airlines start with lower fare to fill up a minimum capacity and then start raising the prices. Majority of the companies have introduced privilege services for high value passengers such as frequent flier miles and extra add on services, like transferable tickets, extra leg room, meals, gifts, discounts etc. (Dai, Liu and Serfes 2014). Secondly, the cost reduction is another major factor that could affect the market outcome. In a competitive industry, fuel efficiency and reduction of total cost can give advantage to the airline companies. This can result in decline in the ticket prices and increase in popularity. Through technological improvement, market integration, and market competition, the companies can develop profit maximizing strategies and fuel efficiency (Marshall 2015). Thirdly, the regulatory policies by the governments affect the market prices for the airlines. In a free market environment, the companies can determine their own pricing as per the competitive advantage to reach their goals in short and long term. However, if the government starts to regulate the prices to reduce the market exploitation, then the impact of price discrimination would be reduced (Chandra and Lederman 2015). Welfare Implications of the Exchange Outcome and Scope for Public Policy Intervention (efficiency vs equity) The exchange outcomes include the operating cost reduction, fuel efficiency and government regulatory policies. With the technological improvement, the airlines can reduce its cost of operations. It also helps in achieving fuel efficiency. This would result in fall in the ticket prices, which would be beneficial for the customers. In this context, the concept of efficiency and equity can be illustrated. Efficiency refers to optimal production and allocation of the given resources with the existing factors of production. On the other hand, equity refers to the way the distribution of resources occurs throughout the entire society. In the airlines industry, efficiency can be achieved in many ways, through quality of product, quality of services and effective pricing (Czerny and Zhang 2014). Technological development can make the flights fuel efficient and increase the level of comfort with the flight. These are preferred by majority of travellers. However, the airlines want to reap off the entire consumer surplus; hence, their revenue is increased at the cost of consumer surplus. There is a scope of welfare in this system, as people can afford comfort by paying a certain cost (Friedman 2017). When the demand functions in several different markets are obtained from the distributions of the reservation prices, with a difference only in averages, there exists certain conditions, which leads to higher output and higher welfare in case of third degree price discrimination in the airlines industry (Cowan 2016). According to Varian (2014), welfare is reduced under price discrimination when the production is not increasing compared to the production under uniform pricing. However, the airlines charge price according to the affordability of the public and offer the services accordingly. This increases welfare. On the other hand, the exchange outcome explains that equity is not achieved. The distribution of resources throughout the society is not equal and the welfare is not generated by it. The airlines distribute the services for all kinds of sections within the society. However, they offer different services for different passenger groups at different prices. Hence, people afford the tickets and services as per their income status. Thus, equity is not achieved through price discrimination (Marshall 2015). The governmental policies work as the public policy intervention in the airlines industry. It should put a price cap on the pricing. After the deregulation of airlines happened in 1978, the airline companies started to make profits by charging different prices from different customers, although the fares became cheap and affordable. The practice is still going on. However, the combined profits of the industry are going down and customer satisfaction level is also going down (Moreno-Izquierdo, Ramn-Rodrguez and Ribes 2015). Due to deregulation, fares were reduced, along with that, the volatile fuel price, international competition with less labour cost, led to welfare generation for the consumers. However, to achieve equity, price discrimination should be reduced, but since, the airlines need to make profits, regulation by the government should be limited to safety (Borenstein, S. and Rose 2014). Conclusion It is a very old practice by the airlines of the world to charge different price for the same product to different groups of consumers. It is a profit maximizing strategy by the airlines. It makes segments of the customers on the basis of income and tastes and preferences. The customers pay different prices for the same services. The airlines make a trade off between high price more convenience and low price less convenience system. The business and economy class have different type of services, such as extra baggage allowance, complementary meals and alcohol, extra leg space etc. Based on the timing of ticket purchase, time of flying, the ticket prices differ. However, through price discrimination, the airlines achieve cost reduction and efficiency, but equity is not achieved. It can be concluded that through government intervention, price cap can be imposed on the business class tickets, but that would not be profitable for the airline companies. The government can impose regulatio ns on safety standard, but price discrimination would continue to be practiced by the airlines industry. References Baumol, W.J. and Blinder, A.S., 2015.Microeconomics: Principles and policy. Cengage Learning. Borenstein, S. and Rose, N.L., 2014. How airline markets work or do they? Regulatory reform in the airline industry. InEconomic Regulation and Its Reform: What Have We Learned?(pp. 63-135). University of Chicago Press. Chandra, A. and Lederman, M., 2015. Revisiting the relationship between competition and price discrimination in the airline industry. Cowan, S., 2016. Welfare?increasing third?degree price discrimination.The RAND Journal of Economics,47(2), pp.326-340. Czerny, A.I. and Zhang, A., 2014. Airport congestion pricing when airlines price discriminate.Transportation Research Part B: Methodological,65, pp.77-89. Dai, M., Liu, Q. and Serfes, K., 2014. Is the effect of competition on price dispersion nonmonotonic? evidence from the us airline industry.Review of Economics and Statistics,96(1), pp.161-170. Escobari, D. and Jindapon, P., 2014. Price discrimination through refund contracts in airlines.International Journal of Industrial Organization,34, pp.1-8. Friedman, L.S., 2017.The microeconomics of public policy analysis. Princeton University Press. Lazarev, J., 2013. The welfare effects of intertemporal price discrimination: an empirical analysis of airline pricing in US monopoly markets.Unpublished manuscript. Marshall, G., 2015. Hassle costs and price discrimination: An empirical welfare analysis.American Economic Journal: Applied Economics,7(3), pp.123-146. Moreno-Izquierdo, L., Ramn-Rodrguez, A. and Ribes, J.P., 2015. The impact of the internet on the pricing strategies of the European low cost airlines.European Journal of Operational Research,246(2), pp.651-660. Moulin, H., 2014.Cooperative microeconomics: a game-theoretic introduction. Princeton University Press. Nicholson, W. and Snyder, C.M., 2014.Intermediate microeconomics and its application. Cengage Learning. Varian, H.R., 2014.Intermediate Microeconomics: A Modern Approach: Ninth International Student Edition. WW Norton Company.