Evolution of Railroad Economics
This paper reviews major themes in the evolution of railroad economics over the past century and a half. The earliest writings emphasized links between railroads and economic development generally. Increasing returns and their implications for market structure and efficiency became a rationale for public intervention (regulation or government ownership). Railway rate theory was the precursor to modern multiproduct pricing theory, and railroads were the data source and focus for the development of cost function estimation. The economic analysis of regulatory performance and subsequent deregulation in North America were models of modern applied economics. The persistent problem of rail market power in some markets still stimulates debate about policy interventions to either regulate or stimulate competition to promote efficiency.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 20 (2007)
Issue (Month): 1 (January)
|Contact details of provider:|| Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/620614/description#description|
|Order Information:|| Postal: http://www.elsevier.com/wps/find/supportfaq.cws_home/regional|
When requesting a correction, please mention this item's handle: RePEc:eee:retrec:v:20:y:2007:i:1:p:11-67. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If references are entirely missing, you can add them using this form.