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up further than estimated by Kuntz (1995a, 1995b, 1996, 1999a and 1999b). Railroads were not only indispensable to the …
Persistent link: https://www.econbiz.de/10005115636
Since the publication by Williamson (1968) of his seminal paper on antitrust there has been a growing recognition by regulators of the need to assess trade-offs between merger-related efficiency gains and merger-induced increases in market power. This paper addresses that need by presenting a...
Persistent link: https://www.econbiz.de/10005123686
independent variables in a regression on price per acre. This estimation gives us the expected positive impact of railroads on …
Persistent link: https://www.econbiz.de/10005125853
stock prices in the early days of American railroads, and find evidence consistent with a large-scale adoption of the …
Persistent link: https://www.econbiz.de/10005067467
and competition policy. We illustrate them with an analysis of US freight railroads for the period 1978-2001 and find both …
Persistent link: https://www.econbiz.de/10005067525
What was the impact of railroads in the output of the United States during the 19th century and how can a New Trade …. Third, I estimate ounterfactuals with the railroads built up to a certain year. My estimates suggest that there was a lot of … the railroads were made suddenly unavailable in 1890 there would have been a 9.6% reduction in output, but in 1900, after …
Persistent link: https://www.econbiz.de/10010392386
Railroad access can accelerate the technological progress in the industrial sector and therefore induce structural change and urbanization, the two common features of modern economic growth. I examine this particular mechanism in the context of Japanese railroad network expansion and modern...
Persistent link: https://www.econbiz.de/10012013668
and 1870, from the 19th century until today. We estimate that railroads accounted for 50% of urban growth, 1855-1870. In … hypothesize that railroads set in motion a path dependent process that shapes the economic geography of Sweden today. …
Persistent link: https://www.econbiz.de/10012669392
This paper assesses the causal impact of greater market access on demographic transition during the latter half of the 19th century in the United States. We construct new measures of fertility changes and measures of railroad access at the county level from 1850 – 1890. We are able to document...
Persistent link: https://www.econbiz.de/10013351754
The Shellpot Bridge is a 536-foot swing bridge located on a rail freight bypass route around Wilmington, Delaware. When the bridge failed in 1994, Conrail, then the bridge's owner, elected not to repair it due to declining freight volume. The State of Delaware reached agreement with the new rail...
Persistent link: https://www.econbiz.de/10005490011