The Economics of Rail Freight Transportation Rate Regulation, Excess Capacity, and Competition |
Common terms and phrases
abandoned Accounts Allocation allowed American amount Analysis approach areas Association Assuming average cost bankrupt Bureau carrier Central Chapter charge commodities companies compete competitive Consolidated Rail Corporation Cost Elasticity Cost Functions cover decrease demand Department determine difference Economics effect efficient energy equation estimates excess capacity exist federal Figure formed Freight Transportation Friedlander given greater important included increase increasing costs indicates Interstate Commerce Commission Journal less long-run loss lower marginal cost merger method miles mills modes motor operating output period Plan present problem procedures production profits Rail Cost rail firms rail industry rail lines rail service Railroad Railway rates received Region regulation relation relationship reorganization result road shift ship shipments shippers social costs Southern statistical costing structure subsidy Table tion ton-mile total cost traffic truck United value-of-service variable Washington Western York