CRITICISM OF REGULATED FREIGHT TRANSPORT: DO ECONOMISTS' PERCEPTIONS CONFORM WITH INSTITUTIONAL REALITIES?
The author examines the proposed end of government regulation of transport and elimination of the exemption from antitrust laws involved in collective rate making, concluding that benefits to freight transport users and the general public would not be inevitable. Examined specifically is motor and rail freight service pricing. It is observed that freedom from rate restraints has the possibility for development of rate-cost relationship that are less than optimal. This, together with the relation between charges, carriers' financial condition and the quality of transport services on one hand and the economic performance of shippers and industries on the other would indicate the need for a rational and socially responsible approach, rather than precipitous deregulation.
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- This paper was presented at a session of the American Economic Association meetings, Transportation and Public Utilities Group, San Francisco, California, December 29, 1974.
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- Spychalski, J C
- Publication Date: 1975
- Pagination: p. 5-17
- Transportation Journal
- Volume: 14
- Issue Number: 3
- Publisher: American Society of Transportation and Logistics
- ISSN: 0041-1612
- Serial URL: http://www.jstor.org/page/journal/transportationj/about.html
- TRT Terms: Deregulation; Pricing; Quality of service; Rate making; Regulations; Tariffs
- Identifier Terms: U.S. Interstate Commerce Commission
- Old TRIS Terms: Government regulations
- Subject Areas: Economics; Law; Railroads;
- Accession Number: 00095288
- Record Type: Publication
- Files: TRIS
- Created Date: Jul 15 1975 12:00AM