Competition at Work: Railroads vs. Monopoly in the U.S. Shipping Industry
By their nature, water transportation industries are often subject to monopolization. Though not generally recognized, the monopolistic tendency often leads to the adoption of inefficient technologies in these industries. Within the US, for much of the nation's early history, the water transpor...
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| Veröffentlicht in: | Quarterly review - Federal Reserve Bank of Minneapolis 2001-04, Vol.25 (2), p.3-29 |
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| container_title | Quarterly review - Federal Reserve Bank of Minneapolis |
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| creator | Holmes, Thomas J Schmitaz Jr., James A |
| description | By their nature, water transportation industries are often subject to monopolization. Though not generally recognized, the monopolistic tendency often leads to the adoption of inefficient technologies in these industries. Within the US, for much of the nation's early history, the water transportation industry has had another force pushing toward monopoly: a lack of alternatives. With no other good alternatives, and a natural tendency toward monopoly in the water transportation industry, long-distance transportation in the US often exhibited a great deal of monopolistic behavior. Over the last 150 years or so, this behavior has been greatly reduced by the development of long-distance transportation alternatives to water - first trains and then trucks. The competition of railroads, especially, has led to lower long-distance transport prices and fewer inefficient transportation technologies in the US. |
| doi_str_mv | 10.21034/qr.2521 |
| format | Article |
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Though not generally recognized, the monopolistic tendency often leads to the adoption of inefficient technologies in these industries. Within the US, for much of the nation's early history, the water transportation industry has had another force pushing toward monopoly: a lack of alternatives. With no other good alternatives, and a natural tendency toward monopoly in the water transportation industry, long-distance transportation in the US often exhibited a great deal of monopolistic behavior. Over the last 150 years or so, this behavior has been greatly reduced by the development of long-distance transportation alternatives to water - first trains and then trucks. The competition of railroads, especially, has led to lower long-distance transport prices and fewer inefficient transportation technologies in the US.</abstract><cop>Minneapolis</cop><pub>Federal Reserve Bank of Minneapolis</pub><doi>10.21034/qr.2521</doi><tpages>27</tpages><oa>free_for_read</oa></addata></record> |
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| ispartof | Quarterly review - Federal Reserve Bank of Minneapolis, 2001-04, Vol.25 (2), p.3-29 |
| issn | 0271-5287 2163-4378 |
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| source | PAIS Index; EBSCOhost Business Source Complete |
| subjects | 19th century 20th century Coasts Competition Cotton Earnings Economic aspects Economic growth Fees & charges Inland water transportation Long distance Monopolies Monopoly Ports Power Prices Profits Railroad transportation Railroads Regulation Rivers Shipping Shipping industry Technological innovations Technology Transportation Transportation industry Transportation sector United States Water transportation Workers |
| title | Competition at Work: Railroads vs. Monopoly in the U.S. Shipping Industry |
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