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Title U.S. freight rail economics and policy : are we on the right track? / edited by Jeffrey T. Macher and John W. Mayo
Edition First edition
Published New York, NY : Routledge, 2019

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Description 1 online resource
Series Routledge studies in transport analysis
Routledge studies in transport analysis.
Contents Preface Section I. Foundations "The Evolution of the Post-Staggers Rail Industry and Rail Policy" by Mark Burton and Paul Hitchcock "Economic Foundations for 21st Century Freight Rail Rate Regulation" by John W. Mayo and Robert D. Willig Section II. Railroads in an Increasingly Interrelated Economy "International Trade and the Demand for U.S. Rail Services" by Ferdinando Monte "Accounting for External Costs in Pricing Freight Transportation: Eight Policy Options" by David Austin "Price Effects in Truck-Competitive Railroad Markets" by Gerard McCullough and Ishay Hadah Section III. The Structure of the Rail Industry "Restructuring Rail Systems: Implications for Network Quality and Welfare" by David Besanko "An Empirical Analysis of Economies of Scope in the U.S. Railroad Industry" by Azrina Abdullah Al-Hadi and James Peoples Section IV. Railroads and Post-Staggers Regulation "The Law and Economics of Revenue Adequacy" by Jeffrey T. Macher, John W. Mayo and Lee Pinkowitz "Open Access and Revenue Adequacy" by William Huneke "Regulation in a 'Deregulated' Industry: Railroads in the Post-Staggers Era" by John W. Mayo and David E.M. Sappington List of Contributors Index
Summary The passage of the Staggers Rail Act in 1980 led brought a renaissance to the freight rail industry. In the decade following, economists documented the effects of the Act on a variety of important economic metrics including prices, costs, and productivity. Over the preceding years, and with the return of the industry to more stable footing, attention to the industry by economists faded. The lack of attention, however, has not been due to a dearth of ongoing economic and policy issues that continue to confront the industry. In this volume, we begin to rectify this inattention. Rather than retread older analyses or provide yet another look at the consequences of Staggers, we assemble a collection of ten chapters in four sections that collectively provide fresh and up-to-date analyses of the economic issues and policy challenges the industry faces: the first section sets the context through foundational discussion of freight rail; the second section highlights the role of freight rail in an increasingly interrelated economy; the third section examines industry structure and scope in freight rail; and the fourth section assesses current regulatory challenges that confront freight rail. This book will be of great value to researchers, academics, policymakers, and students interested in the fields of freight rail economics and policy, transportation, business history, and regulatory economics
Bibliography Includes bibliographical references and index
Notes Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force. WlAbNL
Online resource; title from PDF title page (EBSCO, viewed April 28, 2019)
Subject Railroads -- Economic aspects -- United States
Freight and freightage -- Economic aspects -- United States
Railroads and state -- United States.
Transportation and state -- United States
Freight and freightage -- Government policy -- United States
TRANSPORTATION -- Railroads -- Pictorial.
Freight and freightage -- Economic aspects
Freight and freightage -- Government policy
Railroads and state
Railroads -- Economic aspects
Transportation and state
United States
Form Electronic book
Author Macher, Jeffrey T. (Jeffrey Thomas), editor.
Mayo, John W., editor
ISBN 9780429031120
0429031122
9780429633645
0429633645
9780429632150
0429632150
9780429630668
0429630662