The stand-alone-cost test has become an expensive, extensive, and time-consuming part of the regulatory practice of the U.S. Surface Transportation Board in the performance of its statutory duty to protect "captive shippers" from monopoly rail rates. Worse, a close examination of the history of...

Preface Section I. Foundations "The Evolution of the Post-Staggers Rail Industry and Rail Policy" by Mark Burton and Paul Hitchcock "Economic Foundations for 21st Century Freight Rail Rate Regulation" by John W. Mayo and Robert D. Willig Section II. Railroads in an Increasingly Interrelated...