This article analyzes the welfare effects of ICC rate regulation for the U.S. surface freight transportation system. An estimate of the deadweight loss under first-best and Ramsey pricing is provided. Various alternatives to current rate regulation are discussed including partial and complete...

This article analyzes the structure of costs, technology, and productivity in the U.S. automobile industry by estimating a general hedonic joint cost function for domestic automotive production for the Big Three American automobile producers: General Motors, Ford, and Chrysler. In general it is...