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Regulation of Freight Railroads in the Modern Era: 1970 - 2010

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  • Gaskins Darius W.

    (Norbridge, Inc.)

Abstract

The fundamental tension between the freight railroads' network economics and economic regulation has never been resolved. Lip service has been paid to declining marginal costs and Ramsey pricing, but the actual practice of economic regulation has not coped with the economic dilemma. This paper relates the trials and tribulations of railroad regulation from the perspective of a participant that has seen the struggle both as a regulator and a regulatee.

Suggested Citation

  • Gaskins Darius W., 2008. "Regulation of Freight Railroads in the Modern Era: 1970 - 2010," Review of Network Economics, De Gruyter, vol. 7(4), pages 1-12, December.
    • Handle: RePEc:bpj:rneart:v:7:y:2008:i:4:n:6
    DOI: 10.2202/1446-9022.1162
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    Cited by:

    1. John Bitzan & Theodore Keeler, 2014. "The evolution of U.S. rail freight pricing in the post-deregulation era: revenues versus marginal costs for five commodity types," Transportation, Springer, vol. 41(2), pages 305-324, March.
    2. Russell Pittman, 2010. "Against the stand-alone-cost test in U.S. freight rail regulation," Journal of Regulatory Economics, Springer, vol. 38(3), pages 313-326, December.
    3. Clifford Winston & Vikram Maheshri & Scott M. Dennis, 2011. "Long-Run Effects of Mergers: The Case of U.S. Western Railroads," Journal of Law and Economics, University of Chicago Press, vol. 54(2), pages 275-304.

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