RAILROAD COST CONDITIONS - IMPLICATIONS FOR POLICY

This report includes a simplified framework for examining the welfare implications of railroad mergers and competition. It examines the cost implications of mergers and competition over existing rail lines by testing for the condition of cost subadditivity. This condition is examined directly by simulating single-firm and two-firm costs under various output combinations, using output-cost relationships estimated from a statistical cost function.

Language

  • English

Media Info

  • Features: Figures; References; Tables;
  • Pagination: 177 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00797545
  • Record Type: Publication
  • Files: NTL, TRIS, USDOT
  • Created Date: Aug 28 2000 12:00AM