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U.S. Freight Rail Economics and Policy: Are We on the Right Track? book cover

1st Edition

U.S. Freight Rail Economics and Policy Are We on the Right Track?

Edited By Jeffrey Macher, John Mayo Copyright 2019
308 Pages
by Routledge

308 Pages
by Routledge

308 Pages
by Routledge
Also available as eBook on:
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... Read more

Preface



　



Section I. Foundations







  1. "The Evolution of the Post-Staggers Rail Industry and Rail Policy" by Mark Burton and Paul Hitchcock






  2. "Economic Foundations for 21st Century Freight Rail Rate Regulation" by John W. Mayo and Robert D. Willig




    3. 　



    Section II. Railroads in an Increasingly Interrelated Economy





  3. "International Trade and the Demand for U.S. Rail Services" by Ferdinando Monte






  4. "Accounting for External Costs in Pricing Freight Transportation: Eight Policy Options" by David Austin






  5. "Price Effects in Truck-Competitive Railroad Markets" by Gerard McCullough and Ishay Hadah




    6. 　



    Section III. The Structure of the Rail Industry





  6. "Restructuring Rail Systems: Implications for Network Quality and Welfare" by David Besanko






  7. "An Empirical Analysis of Economies of Scope in the U.S. Railroad Industry" by Azrina Abdullah Al-Hadi and James Peoples




    8. 　



    Section IV. Railroads and Post-Staggers Regulation





  8. "The Law and Economics of Revenue Adequacy" by Jeffrey T. Macher, John W. Mayo and Lee Pinkowitz






  9. "Open Access and Revenue Adequacy" by William Huneke






  10. "Regulation in a ‘Deregulated’ Industry: Railroads in the Post-Staggers Era" by John W. Mayo and David E.M. Sappington






　



List of Contributors



Index





　

Biography

Jeffrey T. Macher is a Professor of Strategy, Economics and Public Policy in the McDonough School of Business at Georgetown University, USA.



John W. Mayo is a Professor of Economics, Business and Public Policy in the McDonough School of Business at Georgetown University, USA.

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