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Full-Text Articles in Social and Behavioral Sciences
The Evolution Of Financial Practices And Financial Structures Among American Manufacturers, 1875-1905: Case Studies Of The Sugar Refining And Meat Packing Industries, William Michael Doyle
The Evolution Of Financial Practices And Financial Structures Among American Manufacturers, 1875-1905: Case Studies Of The Sugar Refining And Meat Packing Industries, William Michael Doyle
Doctoral Dissertations
Two salient features of late nineteenth century American economic development were the appearance of a multitude of large, horizontally or vertically integrated manufacturing corporations, and the emergence of a sophisticated market for industrial securities. According to most economist and economic historians, both of these developments can be attributed primarily to increased deficit financing requirements among late nineteenth century American manufacturers. This was presumed to have resulted largely from technological innovations in manufacturing that increased both total capital requirements and the minimum size of the required initial investment in many industries. These developments were thought to have necessitated the creation and …
Railroad Deregulation And Rail Rates: A Disaggregated Analysis, Mark L. Burton
Railroad Deregulation And Rail Rates: A Disaggregated Analysis, Mark L. Burton
Doctoral Dissertations
This investigation first provides a highly disaggregated study of deregulated railroad rates for seventeen commodities. The results indicate that the Staggers Rail Act fundamentally altered the way in which rail carriers price their services. Rates now adhere more closely to incurred costs and exhibit a heightened sensitivity to the presence of both intermodal and intramodal competition. The model is then extended to accommodate the possibility of shipper responses to changed carrier behavior. The results of this extension suggest that shippers have responded eagerly to altered railroad behavior by changing the characteristics of their shipments. Together, the changes in railroad behavior …