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Effect Of Contract Disclosure On Price: Railroad Grain Contracting In The Plains

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  • Fuller, Stephen W.
  • Ruppel, Fred J.
  • Bessler, David A.

Abstract

The 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.

Suggested Citation

  • Fuller, Stephen W. & Ruppel, Fred J. & Bessler, David A., 1990. "Effect Of Contract Disclosure On Price: Railroad Grain Contracting In The Plains," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(2), pages 1-7, December.
    • Handle: RePEc:ags:wjagec:32066
    DOI: 10.22004/ag.econ.32066
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    References listed on IDEAS

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    1. James M. MacDonald, 1987. "Competition and Rail Rates for the Shipment of Corn, Soybeans, and Wheat," RAND Journal of Economics, The RAND Corporation, vol. 18(1), pages 151-163, Spring.
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    Cited by:

    1. Per Baltzer Overgaard & Peter Møllgaard, 2005. "Information Exchange, Market Transparency and Dynamic Oligopoly," CIE Discussion Papers 2005-11, University of Copenhagen. Department of Economics. Centre for Industrial Economics.
    2. McMullen, B. Starr, 1991. "Determinants of Transportation Rates for Pacific Northwest Wheat Shippers," Transportation Research Forum Proceedings 1990s 319084, Transportation Research Forum.
    3. Miljkovic, Dragan, 1999. "Transporting The Export-Bound Grain By Rail: A Study Of Market Integration," Research Discussion Papers 29236, Montana State University, Department of Agricultural Economics and Economics, Trade Research Center.
    4. Nolan, James & Fulton, Murray, 2001. "Competitive Access: The Next Step for the Canadian Rail Industry?," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 40(2).
    5. Liliane Karlinger, 2008. "How Demand Information Can Destabilize a Cartel," Vienna Economics Papers 0803, University of Vienna, Department of Economics.
    6. Ruppel, Fred J. & Fuller, Stephen W., 1992. "Information Impacts And Determinants Of Information Selection: An Experimental Approach," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(1), pages 1-12, July.
    7. Liliane Karlinger, 2008. "How Demand Information Can Destabilize a Cartel," Vienna Economics Papers vie0803, University of Vienna, Department of Economics.
    8. Wolfe, K. Eric, 1991. "Book Review: The Interstate Commerce Commission's Public Use Waybill File: Concerns for Mis-Interpretation," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 32(1).
    9. Sarah Grunewald & Ted C. Schroeder & Clement E. Ward, 2004. "Cattle Feeder Perceptions of Livestock Mandatory Price Reporting," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(4), pages 521-538.
    10. 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.
    11. Nils-Henrik M. von der Fehr, 2013. "Transparency in Electricity Markets," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    12. 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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