Railroads, Freight, and Public PolicyBrookings Institution Press, 2010 M12 1 - 250 pages This book examines railroad regulation and public policy regarding the freight industry. |
Contents
Financial Viability and Productivity of Capital | 3 |
A Capsule History of Railroad Regulation | 19 |
Competition Natural Monopoly and Scale Economies | 43 |
The Effects of Rail Freight Regulation | 63 |
Regulatory Reform and Its Consequences | 97 |
Further Problems and Alternatives | 115 |
Perspectives on Rail Freight Policy | 137 |
Common terms and phrases
abandonments allowed analysis argued average cost benefits book value calculations Class I railroads coal common carrier common carrier obligations competition Conrail consumer surplus corporate sector cost elasticities cost function cost of capital costs variable cross-subsidize deregulation economic effects estimated evidence firms Freight Transport Regulation Friedlaender and Spady Harris haul highway intermodal Interstate Commerce Commission Keeler Levin lines long-run low-density marginal cost pricing million net ton-miles minimum efficient density money-losing multiproduct natural monopoly operations opportunity cost Pacific Peltzman Penn Central percent of costs political support problem public policy rail and truck Rail Freight rail rates rail transportation railroad industry Ramsey prices rate increases rate regulation rate wars regulatory policies regulatory reform return on investment roads route-mileage scale economies second-best Staggers Act Staggers Rail Act studies subsidies Theodore E theory of regulation ton-miles per route-mile Transportation Act truck transportation unprofitable services user charges viable