PRICING DEVELOPMENTS IN TRANSPORTATION AND PUBLIC UTILITIES: COMMENT

The author observes that advocates of complete deregulation of transportation rates have based their case on an over-simplified application of price theory and have exagerated the adverse effects of existing regulation and the benefits which would be derived from its elimination. He advocates a careful cost-benefit type of analysis to determine the balance between undertaking to change the nature and scope of existing regulation, or in switching to antitrust controls over ratemaking. Either approach would involve significant changes in Federal laws. It is noted that attempts to accomplish welfare objectives and subordinate economic efficiency should not be achieved through rate structures.

  • Availability:
  • Supplemental Notes:
    • This paper was presented at a session of the American Economic Association, Transportation and Public Utilities Group. San Francisco, December 29, 1974.
  • Corporate Authors:

    American Society of Traffic and Transportation

    547 West Jackson Boulevard
    Chicago, IL  United States  60606
  • Authors:
    • HARBESON, R W
  • Publication Date: 1975

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00095287
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 15 1975 12:00AM