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Railroad Pricing in Grain Transportation Markets: A Kansas Case Study

Author

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  • Chow, Ming H.
  • Sorenson, L. Orlo

Abstract

The Staggers Act of 1980 changed the transaction rules in rail transportation markets, reducing the ability of railroads to jointly control rates. In Staggers, (1) railroad rate bureau authority was modified, (2) rate verification procedures before the ICC were changed, and (3) confidential rate contracts were allowed. In this study, joint rail profit maximizing rates for export wheat are determined for a case study area of the Great Plains and compared with actual rates before and after Staggers. Rates exceeded estimated cartel rates prior to Staggers and fell below after Staggers.

Suggested Citation

  • Chow, Ming H. & Sorenson, L. Orlo, 1986. "Railroad Pricing in Grain Transportation Markets: A Kansas Case Study," 1986 Annual Meeting, July 27-30, Reno, Nevada 278175, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea86:278175
    DOI: 10.22004/ag.econ.278175
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    File URL: https://ageconsearch.umn.edu/record/278175/files/aaea-1986-114.pdf
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    References listed on IDEAS

    as
    1. Ming H. Chow & Michael W. Babcock & L. Orlo Sorenson, 1986. "Analysis of structural changes in a grain logistics system: Trainload facilities and intermodal competition in northwest Kansas," Agribusiness, John Wiley & Sons, Ltd., vol. 2(3), pages 279-292.
    2. Marc A. Johnson, 1983. "Impacts on Agriculture of Deregulating the Transportation System: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 190-191.
    3. Robert M. Spann & Edward W. Erickson, 1970. "The Economics of Railroading: The Beginning of Cartelization and Regulation," Bell Journal of Economics, The RAND Corporation, vol. 1(2), pages 227-244, Autumn.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    International Relations/Trade; Marketing;

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