Winston, Clifford; Maheshri, Vikram; Dennis, Scott M. - In: Journal of Law and Economics 54 (2011) 2, pp. 275-275
We provide a retrospective assessment of the effects of the two recent major railroad mergers in the western United States (Burlington Northern–Atchison-Topeka-Santa Fe and Union Pacific–Southern Pacific) on the price of rail transport of export grain. Estimation accounts for selectivity...