Bitzan, John D; Keeler, Theodore E - In: Journal of Law and Economics 50 (2007) 1, pp. 157-79
Two reform acts, the Staggers Railroad Act of 1980 and the Railroad Revitalization and Regulatory Reform Act of 1976, represented big changes in U.S. policy toward railroads. An important welfare gain from these changes predicted by researchers was the efficiency gain from increased densities in...