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United States V General Dynamics: A Reappraisal, Anthony Wylie
United States V General Dynamics: A Reappraisal, Anthony Wylie
University Avenue Undergraduate Journal of Economics
The purpose of this paper is to examine the reasons behind Material Services’ acquisitions, the reasons why the Government contested the mergers, and how the Government erred in analyzing the case. We wish to show that the combination of the three coal firms—Material Services, Freeman Coal, and United Electric—occurred for reasons of economic efficiency and practicality, not based on any atavistic desire to monopolize and damage social welfare.
The Interactions Of Eco-Labeling, Environment, And International Trade, Yi Qian
The Interactions Of Eco-Labeling, Environment, And International Trade, Yi Qian
University Avenue Undergraduate Journal of Economics
A simple graphical model has been developed to examine the relationship between eco-labelling, international trade and environment. This paper analyses that labelling can possibly have adverse effect on environment when the supply of environment-friendly good is greater than the demand of the friendly good pre-labelling (fig.2). In a dynamic setting, however, this situation could be reversed by shifts of demand and supply curves of environment-friendly products (fig.3). The theoretical model predicts change of product prices, which in turn can alter international trade. In bilateral trade, the interaction with country 2 will result in an improvement in the environmental situation in …