Mlb monopoly market structure Essay Example for Free

Mlb monopoly market structure Essay Major League Baseball (â€Å"MLB†) is the only American Industry that is a self-regulating monopoly exempt from anti-trust law. In 1922, there was the U. S. Supreme Court Case of Federal Baseball Club v. National League and the judge unanimously decided that the Sherman Antitrust Act was not applicable to MLB and could therefore regulate as a monopoly. Furthermore, this decision was later reaffirmed in 1952 and 1972 in two different U. S. Supreme Court cases. This antitrust exemption has given increased monopolistic power to the MLB organization. MLB Monopolistic Characteristics Monopoly is defined as â€Å"A market structure in which there is only a single seller of a good, service, or resource. In antitrust law, a dominant firm that accounts for a very high percentage of total sales within a particular market. † The following characteristics that label the MLB as a Monopoly are the following: (a) one unique firm/product (i. e. , no other industry like the MLB and it’s impossible to duplicate); (b) absence of competition (i. e. , granted from anti-trust laws); (c) profit maximization (i. e. , attendance increasing even as prices increasing); (d). â€Å"Price Makers† (i. e. , control price and possible price discrimination); and (e) impenetrable barriers of entry into market (i. e. , highly unlikely to enter into industry). MLB Controlling Powers Major League Baseball and specifically their team owners can raise ticket and concession prices whenever they want to increase profits. For example, less desirable stadium seats are much lower in price than â€Å"good† seats. The MLB also sets prices based on team location. For example, I know first-hand that prices for the New York Yankees are much higher than those for the Chicago White Sox. In addition to controlling prices, MLB also controls output. They set the season schedule at 162 games with half of those being home games. Since there are limited amounts of homes games owners know that they can keep increasing prices for tickets and concession stands. Conclusion Major League Baseball’s ability to control prices, set extreme difficulty on barriers of entry and to eliminate competition definitely identifies them as a Monopoly market structure. Furthermore their use of pricing strategies, which include setting ticket prices according to the view of the field, discount group pricing for lower attended weekday games and games against lesser teams, discounts for seniors/students/military, increased prices for suites and luxury boxes, and parking priced depending on location to stadium (i. e. , closer parking to stadium is more expensive). However, even with all of these increasing prices and price controls the MLB continues to set attendance records each and every year. I personally love Major League Baseball and I’m willing to pay any prices when I want to go to the ballpark and watch a game. Bibliography/References Haupert, Michael, edit by Robert Whaples. (2007, December 3). The Economic History of Major League Baseball. Retrieved September 26,2011, from EH. Net Encyclopedia Web site: http://eh. net/encyclopedia/article/haupert. mlb McConnell, Campbell R. Economics, 19th Edition. McGraw-Hill Learning Solutions, 2012. p. G-18.

A Greatly Troubled System - School :: essays research papers

The formal education system used in today’s schools is greatly troubled indeed. We are oblivious to the hundreds of thousands of students oppressed by tyranny that encapsulates our schooling system. From homework and grades to the progression of school; schools need changes. This system stands waiting, while the talents of many young men and women are exposed to a backward system with hypocritical framework. One of the many examples is the policy of homework. It seems that this tends to be abused to give students mere busy work, while students in their free time should be relaxing, and doing activities they enjoy. Yet another flaw among the many, is the grading methods used today. Afterall, a letter or percentile could never fully represent a human being’s interpretations, with many positive and negative sides and emotions. These "judgements† tend to cause for great stress and are in effective. Finally the last point to be stated in this essay (seeing as if all the points were stated this would turn into a novel and not an essay) is the matter of the pace of school and specialization in courses. Courses should be more varied and options given as well as changing the pace and time of school. Plain and simple; a more flexible form of education would prove to benefit everyone. With greater specialization, the learning process can become quicker, more efficient and less tedious. In the following paragraphs the points stated above will be further stressed. The concept of homework in our formal education is wide spread propaganda. This highly unconstitutional form of schooling tends to be more busy work under the much repeated cover of ‘reinforcing subjects learned.’ This disguise has flailed for years but the truth shall soon be found. Homework crowds the free time of students; free time that should be used to do other productive activities. Homework causes much stress to students which leads to the deterioration of interest in learning and eventually all hatred of anything school related. As Mark Twain so beautifully put it, "Don’t let your schooling interfere with your education.† This quote referring to the fact that experience in life can be gained outside of school in great abundance and proves the production of a much better education than that of sitting in a class-room scribbling characters onto paper. With a slightly longer and more efficient school day, time could be optimized and homework could be abolished in its entirety. A true balance of work and play could be formed leading to a bounteous and supreme education. The formal education system could be incredibly more productive and beneficial if our system of merit was modified.

Federal Bureau of Prisons Essay

The Federal Bureau of Prisons was established in 1930. Its main goal is to provide humane care for Federal inmates. There are 11 Federal prisons in operation. The Bureau consists of 115 institutions, 6 regional offices, a Central Office (headquarters), 2 staff training centers, and 22 community corrections offices. The Bureau of Prisons career opportunities web page is the place where you can learn about BOP careers, the employment process and current vacancies. The BOP career opportunities web page has quick links to: application steps, attorney recruitment, career FAQs, health care careers, job descriptions and job vacancies. The Bureau has approximately 37,700 employees within 115 correctional institutions. The BOP is currently accepting applications for: Chaplain, Clinical Psychologist, Dental Officer, Medical Officer, Nurse Practitioner, Physician Assistant and Registered Nurse. The jobs are accessible through USAJOBS. The bureau has approximately 37, 700 highly motivated individuals working in 115 correctional institutions across the country and a wide range of occupations. Job opportunities within the correctional facilities: automobile, painting, plumbing, carpentry, and electricity. They are always accepting applications for dental officer, medical officer, and registered nurse. Salaries are based on the position and location of the job you are selected to fill. The Law Enforcement Special Salary Rate and Locality pay scale may vary from the General Schedule and Locality pay scale. Salaries for positions such as Electrician, Mechanic, and Plumber, are found on the Federal Wage System pay scale. A variety of health insurance plans are available to Federal employees, with the Government paying about 60 to 72 percent of the cost and the employee paying 28 to 40 percent, depending on the health plan. Basic life insurance is automatic and effective on the first workday the employee is in pay and duty status, unless the employee chooses to waive life insurance coverage. Every employee is guaranteed a life insurance policy. The Government pays one-third of the cost for Basic life insurance. Basic life insurance is the employee’s salary rounded up. After 20 years of service in a position covered by â€Å"hazardous duty† law enforcement retirement provisions is eligible to retire at age 50. BOP has four different work life programs which makes it easier to balance work and family. These programs consist of teleworking, compressed, flexible, and part time work schedules. Under special, limited circumstances, inmates who meet strict requirements may be allowed temporary releases from the institution through furloughs and staff-escorted trips. A furlough allows inmates to be in the community without a staff escort. There are several purposes for furloughs: for example these enable inmates to be present during a family crisis, facilitate re-establishing family and community ties, and allow an inmate to participate in certain activities to help his/her release transition. The Bureau may authorize staff-escorted trips for purposes such as visiting a critically ill family member; attending a funeral; receiving medical treatment; or participating in educational, religious, or work-related functions. The Bureau’s philosophy is to release preparation begins the first day of incarceration, focus on release preparation intensifies at least 18 months prior to release. The Release Preparation Program includes classes in areas such as resume writing, job search, and job retention. The program also includes presentations by community-based organizations that help ex-inmates find jobs and training opportunities after release. The Bureau places appropriate inmates in halfway houses prior to release to help them adjust to life in the community and find employment. Some inmates will be eligible for a release gratuity, clothing, or money for transportation to their release destination. The Inmate Transition Branch provides additional pre-release employment assistance. Many institutions hold mock job fairs to provide inmates an opportunity to practice job interview skills and to expose community recruiters to the skills available among releasing inmates. Qualified inmates may apply for jobs with companies that have posted job openings. This Branch also helps inmates prepare release folders that include a resume; education certificates, diplomas, and transcripts; and other significant documents needed for a successful job interview. Medical, dental, and mental health services are provided to Federal inmates n Bureau facilities. Most Facilities provide one or more primary Physicians who specialize in family practice. Medical officer provide direct service to inmates in Federal prisons (e. g. performance of diagnostic and preventive). Nurses play an important role on patient health, patient safety and patient education. (e. g. observation and evaluation of patients, perform case histories, conduct physical examinations, and order laboratory tests). De ntal officers are responsible for the full range of dental care provided to inmates. Pharmacist provide pharmaceutical care, they are responsible for medication. (e. g. same as nurse). Over 3,000 health care positions are offered. The food service operation within each institution represents a major program area within the Federal Criminal Justice system. The Bureau offers a food service career for correctional cook supervisors in a fast pace and challenging environment. Cook supervisor receive full training and are responsible for serving nutritious meals and provides guidance/direction to inmate cooks, bakers, butchers as well as in sanitation. Meals are served to a population of several hundred to 2,000 per meal depending on size and type of facility. Completion of a 2 to 4 year culinary degree is desirable but qualifying experience in quantity production from the military or food hospital industry is acceptable. Even though cook supervisors are at the entry level position, ambitious and interested individuals can apply for higher positions to Assistant Food Service Manager to the top Food Service Administrator. Each federal prison has its own education department that provides educational and recreational activities to inmates. Inmates are encouraged to adopt a healthy lifestyle through physical fitness, health education and leisure programs. Inmates who participate in industries or vocational training programs are more likely to find and keep a job upon release and less likely to return to prison. The Bureau offers a variety of programs for inmates to acquire literacy and marketable skills to help them obtain employment after release. All institutions offer literacy classes, English as a Second Language, parenting classes, wellness education, adult continuing education, library services, and instruction in leisure-time ctivities. In most cases, inmates who do not have a high school diploma or a General Educational Development (GED) certificate must participate in the literacy program for a minimum of 240 hours or until they obtain the GED. Occupational and vocational training programs are based on the needs of the inmates, general labor market conditions, and institution labor force needs. An important component is on-the-job training, which inmates receive through institution job assignments and work in Federal Prison Industries. Parenting classes help inmates develop appropriate skills during incarceration. Recreation and wellness activities encourage healthy life styles and habits. Institution libraries carry a variety of fiction and nonfiction books, magazines, newspapers, and reference materials. Inmates also have access to legal materials to conduct legal research and prepare legal documents. The Bureau of Prisons has various job opportunities ranging from Automotive to electric and is always looking for professionals in the medical field. There are over 3,000 health care positions available ranging from Dental to nursing. While a job with the bureau of prisons maybe stressful it does offer benefits, such as retirement, paid holidays, flexibility room for growth and retirement options. Each federal prison has its own education department and inmates are encouraged to adopt a healthy lifestyle. It is often found that inmates who participate in industries or vocational training programs are more likely to find and keep a job upon release and less likely to return to prison.

The Economic Benefits Of Every Nation Impacts The Quality...

The economic benefits of every nation impacts the quality of life for each individual in a society. A strong economy is important as it enhances standards of living and pushes humanity forward with a great success, enabling a better future all. Generally, economic growth is the most essential for a strong economy. Fortunately, Canada’s economy grew excessively in the past years and to this day is one of the best economies in the world. In the past, Canada was facing a large economic recession as it struggled to recover from the great depression. In the 1930’s, Canada’s Gross National Product had fallen by 43%, their exports had dropped by 50% and their unemployment rate had risen to more than 25%. Prior to World War II, a major transformation in the Canadian economy was marked. There was an upturn in industrial production and manufacturing in Canada as the demand for manufacturing, mining and services increased rapidly due to the war. The unemployment rate decrea sed as well because new jobs were being created so industries can benefit from a highly trained and diversified labor force. Since the financial crisis in 2008, Canada’s economy has remarked as one of the advanced and largest economies in the world. Today, Canada’s economy only continues to grow stronger as it has a focusing government, new opportunities and choices for people and lastly, the openness for trade and foreign investments. Canada has a focusing government, meaning the government portrays efforts toShow MoreRelatedEconomic Globalization And Its Impact On Society1154 Words   |  5 PagesEconomic globalization has progressed significantly around the globe. First world republics have evolved due to economics, while possessing economical supremacy over the poor. Developing technologies, social interactions and the exchange of ideas knowledge promote the expansion of economical impacts on societies. 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Known as football in all other nations except Canada and the United States, it is undoubtedly the most popular sport in the world. It is a game played by millions all across the world and in many countries, such as Brazil, soccer contributes to nationalism. Every four