Advantages And Disadvantages Of Sharing Economy

The scope of this paper is to break down and define social regulation, industrial regulation, and natural monopolies by explaining how they have impacted society and why they exist. It is also the intent to summarize the Antitrust Laws, explain the major functions of the five primary federal regulatory commissions that govern social regulation, and identify three main regulatory commissions of industrial regulation.

Contents 1. 2. 3. 4. 5. 6. 7. Facts ............................................................................................................................. 3 Antitrust Law On Monopolization And Attempting To Monopolize .......................... 7 Economics Of

The antitrust laws are the basis of this national policy. These laws, enforced by both the federal and state governments, require companies to compete in the marketplace. The Sherman Act, the first federal "antitrust law," was enacted in 1890, at a time when there was enormous concern about "trusts" -- combinations of companies that were able to control entire industries. Since then, other laws have been enacted to supplement the Sherman Act, including the Federal Trade Commission Act and the Clayton Act (1914). With some revisions, these laws still are in effect today. They have the same basic objective: making sure there are strong economic incentives for businesses to operate efficiently, keep prices down, and keep quality up.

Since the late nineteenth century, the federal government has challenged business practices and mergers that create or may create a monopoly in a particular market. Federal legislation has varied in effectiveness in terms of preventing anti-competitive mergers.

The predominant view in the United States is that The Sherman Antitrust Act of 1890 was passed with the intent to protect consumers from inefficient market forms, and predation by large corporations. The specific provisions of the Sherman Act, as well as the later Clayton Act of 1914, prohibit acts that are considered to be anti competitive such as cartels, monopolies, price discrimination, and predatory pricing. Mergers and acquisitions are also individually reviewed to ensure they won 't have an anti competitive effect on the market. We will look at each of these acts to try to determine their actual impact to the consumer. We will also

Although I am one of Uber riders, I do not completely agree to her position. Uber, as a true example of sharing economy businesses, focus on what customer needs and let

In modern society’s day and age, we still have many types of transportations that helps us complete some of our daily needs. You can drive, grab a bus, take a train or even get a quick workout and walk. However, as society progressed and wages increased, people start spending money on other ways to get around instead of driving themselves such as Uber: an app that allows other people to drive you places for a small fee depending on its location. Uber may be cheaper than having your own car but it isn’t always very reliable or convenient. Having your own car provides a reliable source of transportation. Although insurance and maintenance can be pricey; Uber is a relatively cheap and easy system of transportation, although it can be unreliable.

The crisis led to a new concept of public sharing developed all over world. AirBnB has offered jobs to “hosts” – people who periodically offer their homes to guests. For cities that lack hotels and motels, this type of service is beloved.

Does the government have the right to regulate large corporations, namely the Microsoft Corporation? If so, then to what extent can the government do so? Based on our research, it is the government’s responsibility to remedy Microsoft’s noncompetitive behavior in order to increase fair competition.

The role of antitrust laws has been the subject of numerous publications that have attempted to provide a precise set of reasons and inspirations for their creation. However, there are still many schools of thought on the subject and much debate over the effectiveness and legitimate implementation of these laws. This paper analyzes the three main antitrust laws that the federal branch of the United States government uses to try to restrict monopolies. This paper also looks at antitrust laws in the modern business environment, and attempts to relay the information in a manner that a newcomer to the subject will understand the concept as it relates to modern technology and business practices. The findings of this paper indicate that the topic of antitrust laws is more complex than many believe and, depending on the position of the person affected by monopolies, the sentiment ranges widely.

Competition law is not intended to protect competitors per se (Harper Review); rather, as per Joseph Schumpeter, competition facilitates creative destruction as old and inefficient economic

Antitrust policies are mot harmful to society than they are helpful. The Antitrust laws that were apparently focused on the restriction of monopolies for the safeguarding public welfare and just prices have instead been used by the government in ways that are more harmful to consumers than beneficial. More often than not, these laws obstruct innovation and impede competition and free trade. The main purpose of the laws is to ensure that large corporations do not take advantage of consumers, but in the process of maintaining this order, the government may be restricting companies that have the potential of being beneficial for society with fair prices in the long run. The Antitrust Acts can be seen as more of an effort to maintain and “keep the doors open” of businesses that otherwise would not be able to withstand the competition of more efficient businesses. Therefore, they can be seen more of a restriction on the development of

The Department of Justice alleged that AT&T’s proposed merger with T-Mobile will create a monopoly in the wireless telecom industry; explicitly citing antitrust violations (Moritz, Rahn, and Elstrom, 2011). The Federal Trade Commission exists to ensure that there is fair opportunity for companies to trade competitively. The Government’s intention relied on creating multiple sources for a certain service to allow end-users affordable pricing. If there is only one supplier, the consumers will be subject to unreasonable pricing by the trader. Hence, antitrust laws were implemented (Department of Justice, 2015).

In a free market all firms have equal opportunities for fair trade of goods and services. Within the various industries, such economies experience higher competition which results in the better quality products and lower prices. However, in some situations markets do not experience fair competition, and are controlled out by one large firm, or an organization or group of firms or countries. It is clearly explained how they are similar or divergent to one another and the disadvantages of the markets that are exposed to cartels and monopolies.

From supply point of view, Airbnb can be used to increase the number of idle houses Extra income and can make new friends from all over the world. There is no doubt that this sharing economic type is benefit supplier and consumer which is host and guest. Due to convenient method of employ and approximate to zero cost margin for host; at the same time, the most guests can get their ideal living experience and lower expenditure compared to hote. Airbnb is the process of fasting grow speed and get more popularity. (Ryerson