IDEAS home Printed from https://ideas.repec.org/a/rje/bellje/v9y1978ispringp18-45.html
   My bibliography  Save this article

Allocation in Surface Freight Transportation: Does Rate Regulation Matter?

Author

Listed:
  • Richard C. Levin

Abstract

This paper reexamines a familiar problem in the literature of transportation economics: the impact of ICC rate regulation on the allocation of surface freight traffic among competing modes. A multinomial logit model is used to estimate the division of traffic manufactured commodities among truck, rail boxcar, and piggyback. The extent of misallocation attributable to regulatory rate distortion is found to be substantially less than reported in previous studies.

Suggested Citation

  • Richard C. Levin, 1978. "Allocation in Surface Freight Transportation: Does Rate Regulation Matter?," Bell Journal of Economics, The RAND Corporation, vol. 9(1), pages 18-45, Spring.
    • Handle: RePEc:rje:bellje:v:9:y:1978:i:spring:p:18-45
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0361-915X%28197821%299%3A1%3C18%3AAISFTD%3E2.0.CO%3B2-S&origin=repec
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wilson, William W., 1984. "Estimation Of Modal Demand Elasticities In Grain Transportation," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(2), pages 1-15, December.
    2. Kessides, Ioannis N. & Willig, Robert D., 1995. "Restructuring regulation of the rail industry for the public interest," Policy Research Working Paper Series 1506, The World Bank.
    3. Jourquin, Bart & Beuthe, Michel, 2019. "Cost, transit time and speed elasticity calculations for the European continental freight transport," Transport Policy, Elsevier, vol. 83(C), pages 1-12.
    4. David P. Baron, 1978. "Price Regulation, Quality, and Asymmetric Information," Discussion Papers 359, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    5. Waters II, William G., 2007. "Evolution of Railroad Economics," Research in Transportation Economics, Elsevier, vol. 20(1), pages 11-67, January.
    6. Wilson, William W., 1982. "Estimation of Demand Elasticities for Transportation Modes in Grain Transportation," Agricultural Economics Reports 23266, North Dakota State University, Department of Agribusiness and Applied Economics.
    7. Pesch, Michael J. & Larson, Donald W., 1981. "Factors Associated With Grain Rail Rates In Three U.S. Rate Territories," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279241, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Paul L. Joskow & Roger G. Noll, 1981. "Regulation in Theory and Practice: An Overview," NBER Chapters, in: Studies in Public Regulation, pages 1-78, National Bureau of Economic Research, Inc.
    9. Babcock, Michael W. & German, Wade, 1982. "Forecast of Agricultural Rail Demand to 1985," Transportation Research Forum Proceedings 1980s 311554, Transportation Research Forum.
    10. Richard C. Levin, 1981. "Regulation, Barriers to Exit, and the Investment Behavior of Railroads," NBER Chapters, in: Studies in Public Regulation, pages 181-230, National Bureau of Economic Research, Inc.
    11. Babcock, Michael W. & German, H. Wade, 1986. "Impact of Transportaion Policy on intermodal competition," Transportation Research Forum Proceedings 1980s 311847, Transportation Research Forum.
    12. Johnson, Marc A., 1981. "Impacts On Agriculture Of Deregulating The Transportation System," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279412, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    13. Lucy Ferguson, 1979. "Regulation and Innovation: The Case of Piggybacking," Eastern Economic Journal, Eastern Economic Association, vol. 5(4), pages 453-462, December.
    14. Babcock, Michael W. & German, Wade, 1983. "1985 Forecast: Rial share of intercity manufacturers freight markets," Transportation Research Forum Proceedings 1980s 311633, Transportation Research Forum.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rje:bellje:v:9:y:1978:i:spring:p:18-45. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rje.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.