A COST AND BENEFIT EVALUATION OF SURFACE TRANSPORT REGULATION
This staff report represents a working tool in the ICC's continuing analysis of the role of regulation of the surface transportation industry. It focuses heavily on criticism of regulation and estimates of its costs. Specific tests of the assumptions, formulas and other factors were conducted leading to the conclusion that it would cost the economy $4.8 billion if the ICC were eliminated. It is attempt to quantify benefits, the Bureau of Economics put values on car utilization, carrier financing, inventory reductions and impacts of loss and damage. Unquantifiable were such results of regulation as rate and service stability, market competition, balanced car supply, and others. The report is not a definitive critique, but rather a working paper to generate interest and research inside and outside the government.
Interstate Commerce CommissionBureau of Economics
Washington, DC United States 20423
- Publication Date: 0
- Features: Tables;
- Pagination: 30 p.
- TRT Terms: Benefit cost analysis; Car utilization (Railroads); Competition; Deregulation; Financing; Logistics; Loss and damage; Quality of service; Regulations
- Identifier Terms: U.S. Interstate Commerce Commission
- Old TRIS Terms: Government regulations
- Subject Areas: Freight Transportation; Law; Railroads;
- Accession Number: 00147892
- Record Type: Publication
- Report/Paper Numbers: Statement No. 76-1
- Files: TRIS
- Created Date: Feb 16 1977 12:00AM