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Analyzing the Risk of Transporting Crude Oil by Rail

Mason, Charles F. - 2018

In this paper, I combine data on incidents associated with rail transportation of crude oil and detailed data on rail … shipments to appraise the relation between increased use of rail to transport crude oil and the risk of safety incidents … incidents, and a positive relation between increased rail shipments of crude oil and the occurrence of minor incidents. I also …

Persistent link: https://www.econbiz.de/10012453415

How Could Everyone Have Been So Wrong? Forecasting the Great Depression with the Railroads

Landon-Lane, John - 2002

Contemporary observers viewed the recession that began in the summer of 1929 as nothing extraordinary. Recent analyses have shown that the subsequent large deflation was econometrically forecastable, implying that a driving force in the depression was the high expected real interest rates faced...

Persistent link: https://www.econbiz.de/10012469702

Information, Decisions, and Productivity : On-Board Computers and Capacity Utilization in Trucking

Hubbard, Thomas N. - 2001

Productivity reflects not only how efficiently inputs are transformed into outputs, but also how well information is brought to bear on resource allocation decisions. This paper examines this empirically by looking at how on-board computer (OBC) adoption has affected capacity utilization in the...

Persistent link: https://www.econbiz.de/10012470193

Contractibility and Asset Ownership : On-Board Computers and Governance in U.S. Trucking

Baker, George P. - 2000

We investigate how the contractibility of actions affecting the value of an asset affects asset ownership. We examine this by testing how on-board computer (OBC) adoption affects truck ownership. We develop and test the proposition that adoption should lead to less ownership by drivers,...

Persistent link: https://www.econbiz.de/10012471133

How Wide is the Scope of Hold-Up-Based Theories? Contractual Form and Market Thickness in Trucking

Hubbard, Thomas N. - 1999

How far do the contractual implications of hold-up-based theories (Klein, Crawford, and Alchian (1978), Williamson (1979, 1985)) extend? I investigate this in the context of trucking. Quasi-rents in trucking are generally smaller than in the contexts studied in the previous empirical literature....

Persistent link: https://www.econbiz.de/10012471437

Product Differentiation and the Use of Information Technology : New Evidence from the Trucking Industry

Chakraborty, Atreya - 1999

Since the mid-1980s many authors have investigated the influence of information technology (IT) on productivity. Until recently there has been no clear evidence that productivity increases as a result of IT spending. This productivity paradox is partly due to the difficulty in correctly...

Persistent link: https://www.econbiz.de/10012471567

Why Are Process Monitoring Technologies Valuable? The Use of On-Board Information Technology in the Trucking Industry

Hubbard, Thomas N. - 1998

Recent advances in information technology (IT) have enabled firms in many industries to give middle managers new access to timely production data. Process monitoring' technologies give distant managers a window to production which can both lower their cost of monitoring subordinates and provide...

Persistent link: https://www.econbiz.de/10012472323

Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry

Zingales, Luigi - 1997

This paper studies the impact that capital market imperfections have on the natural" selection of the most efficient firms by estimating the effect of the pre-deregulation level of" leverage on the survival of trucking firms after the Carter deregulation. Highly leveraged" carriers are less...

Persistent link: https://www.econbiz.de/10012472539

Borders within Europe

Santamaría, Marta A. - 2020

Are country borders still an impediment to trade flows within Europe? Using a rich microlevel survey with 3 million annual shipments of goods by road across 269 European regions, we construct a matrix of bilateral trade flows for 12 industries from 2011 to 2017. We then use the causal inference...

Persistent link: https://www.econbiz.de/10012482519

The Simple Economics of Extortion : Evidence from Trucking in Aceh

Olken, Benjamin A. - 2007

This paper tests whether the behavior of corrupt officials is consistent with standard industrial organization theory. We designed a study in which surveyors accompanied truck drivers on 304 trips along their regular routes in two Indonesian provinces, during which we directly observed over...

Persistent link: https://www.econbiz.de/10012465508