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Cost Savings and Productivity in the Railroad Industry

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Author Info
Wilson, Wesley W
Abstract

Railroad deregulation has had tremendous effects on the level of costs and productivity gains. I use an unbalanced panel of railroads from 1978 through 1989 to estimate a translog cost function. I find that initially cost savings from partial deregulation were modest. However, by 1989, I find that cost savings were tremendous, with costs being up to 40 percent lower than they would have been under regulation. I also find that while initial effects of deregulation on productivity gains were large, these effects have fallen through time, and currently are comparable to pre-deregulation levels. Copyright 1997 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Journal of Regulatory Economics.

Volume (Year): 11 (1997)
Issue (Month): 1 (January)
Pages: 21-40
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:regeco:v:11:y:1997:i:1:p:21-40

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  1. Wilson, William W., 1998. "U.S. Grain Handling And Transportation System: Factors Contributing To The Dynamic Changes In The 1980s And 1990s," AE Series 23081, North Dakota State University, Department of Agribusiness and Applied Economics. [Downloadable!]
  2. Davis, David E. & Wilson, Wesley W., 2005. "Wages in Rail Markets: Deregulation, Mergers, and Changing Network Characteristics," MPRA Paper 7663, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  3. Ivaldi, Marc & McCullough, Gerard, 2005. "Welfare Trade-Offs in US Rail Mergers," CEPR Discussion Papers 5000, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  4. Kristen Monaco & Taggert J. Brooks & John Bitzan, 2006. "A time series analysis of wages in deregulated industries: A study of motor carriage and rail," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 105-118, May. [Downloadable!] (restricted)
  5. Wilson, Wesley W. & Wilson, William W., 1998. "Deregulation And Innovation In Railroad Shipping Of Agricultural Commodities: 1972-1995," AE Series 23090, North Dakota State University, Department of Agribusiness and Applied Economics. [Downloadable!]
  6. Prentice, Barry E. & Wilson, William W., 1998. "Future Transportation Developments In The U.S./Canada/Mexico Grains-Livestock Subsector Under Nafta And Wto," Economic Harmonization in the Canadian\U.S.\Mexican Grain-Livestock Subsector; Proceedings of the 4th Agricultural and Food Policy Systems... 1998 16766, Farm Foundation, Agricultural and Food Policy Systems Information Workshops. [Downloadable!]
  7. Paola Fabbri & Giovanni Fraquelli, 2000. "Costs and Structure of Technology in the Italian Water Industry," Empirica, Springer, vol. 27(1), pages 65-82, March. [Downloadable!] (restricted)
  8. Marc Ivaldi & Gerard Mccullough, 2008. "Subadditivity Tests for Network Separation with an Application to U.S. Railroads," Review of Network Economics, Concept Economics, vol. 7(1), pages 159-171, March. [Downloadable!]
    Other versions:
  9. Luisa Affuso & Alvaro Angeriz & Michael Pollitt, 2009. "The Impact of Privatisation on the Efficiency of Train Operation in Britain," Working Papers 28, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research. [Downloadable!]
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