By B Starr McMullen
Numerous of the papers during this quantity are fascinated about assessing either the timing and the affects of deregulation and regulatory reform within the US transportation quarter. of accelerating curiosity is the significance of productiveness development and the function performed via new applied sciences in a extra aggressive marketplace setting. 4 of the papers during this quantity deal at once with those concerns within the context of motor providers and railroads, sectors that have been working below considerably decreased regulatory constraints for the previous two decades within the US. even supposing the monetary situation people railroads has greater in view that 1980, there's nonetheless a few situation concerning their future viability as deepest corporations. consequently, one of many papers considers the opportunity of extra discount rates in railroad expenses via transcontinental mergers, a arguable factor as a result of the small variety of railroads that stay within the undefined.
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Extra resources for Transportation After Deregulation (Research in Transportation Economics)
Example text
Several conclusions are drawn. First, commodity tonmiles affect rates negatively. Second, commodity prices affect rates positively, reflecting demand conditions. These results indicate that rates are sensitive to demand and are not 17 18 1 2 3 4 5 6 7 8 9 1011 11 12 13 14 15 16 17 18 19 2011 21 22 23 24 25 26 27 28 29 3011 31 32 33 34 35 36 37 38 39 40 WESLEY W. WILSON AND WILLIAM W. WILSON entirely due to cost changes. Third, average length of haul (ALH) is an important variable affecting rates levels.
1991). Pricing in a Deregulated Environment. The Rand Journal of Economics, 22, 264–273. 23 24 1 2 3 4 5 6 7 8 9 1011 11 12 13 14 15 16 17 18 19 2011 21 22 23 24 25 26 27 28 29 3011 31 32 33 34 35 36 37 38 39 40 WESLEY W. WILSON AND WILLIAM W. 1. Fully Specified Regression Results by Commodity. Commodity Constant Commodity Ton Miles Commodity Price Avg. 55 Values in ( ) are the t-statistic and * indicates significance at the 10% level. S. S. motor carrier costs for the period 1976–1987. A truncated, thirdorder translog cost function, developed by Stevenson (1980) allows us to decompose technological change into three components: input bias, output bias, and characteristics bias.
Atkinson and Kerkvliet find rents associated with coal movement increased under partial deregulation. Friedlaender calculated markups, finding that regulation was constraining in some coal markets but not in others, affecting firms and commodities asymmetrically. 19 Railroad Deregulation 1 2 3 4 5 6 7 8 9 1011 11 12 13 14 15 16 17 18 19 2011 21 22 23 24 25 26 27 28 29 3011 31 32 33 34 35 36 37 38 39 40 She also suggested that it was likely that market power of railroads increased in transportation markets for manufactured and agricultural goods.