MERGES, TECHNICAL CHANGE, AND RETURNS TO SCALE IN THE RAILROAD INDUSTRY

This paper assesses the desirability of mergers in the railroad industry. This objective is accomplished by testing several hypotheses which relate mergers to technical change and which test for the existence of increasing returns to scale in the industry. A deterministic model is used for the railroad industry to estimate the degree of technical change, defined as a shift in the aggregate production function of all major railroads over a specified time period (in this case, 1954-1969, the period of the current merger cycle).

  • Supplemental Notes:
    • Proceedings of the Thirteenth Annual Meeting, Transportation Research Forum, Brown Palace Hotel, Denver, Colorado, 8-10 November 1972.
  • Corporate Authors:

    Transportation Research Forum

    Brown Palace Hotel
    Denver, CO  USA 
  • Authors:
    • KNEAFSEY, J T
  • Publication Date: 1972

Media Info

  • Serial:
    • Volume: 13
    • Issue Number: 1

Subject/Index Terms

Filing Info

  • Accession Number: 00047949
  • Record Type: Publication
  • Report/Paper Numbers: Proceeding
  • Files: TRIS
  • Created Date: Dec 13 1974 12:00AM