Effect Of Contract Disclosure On Price: Railroad Grain Contracting In The Plains
AbstractThe Staggers Rail Act of 1980 granted railroads freedom to establish rates and enter into confidential contracts with grain shippers. Recent legislation (1986) required that certain contract terms be disclosed. This study shows rail rates in the Plains region commenced an upward trend after implementation of the disclosure policy. Results suggest contract disclosure and increased reliance on posted tariffs facilitated rate coordination within the oligopolistic railroad industry.
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Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.
Volume (Year): 15 (1990)
Issue (Month): 02 (December)
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- Overgaard, Per Baltzer & Møllgaard, Peter, 2006.
"Information Exchange, Market Transparency and Dynamic Oligopoly,"
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- Cooper, James C. & Wright, Joshua D., 2012. "Alcohol, antitrust, and the 21st Amendment: An empirical examination of post and hold laws," International Review of Law and Economics, Elsevier, vol. 32(4), pages 379-392.
- Liliane Karlinger, 2008. "How Demand Information Can Destabilize a Cartel," Vienna Economics Papers 0803, University of Vienna, Department of Economics.
- Dragan Miljkovic, 2001. "Transporting export-bound grain by rail: Rail rates in the Post-Staggers Rail Act Period," Transportation, Springer, vol. 28(3), pages 297-314, August.
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