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A number of different studies have been completed from the efficiency of developed countries and their passenger transportation operations. However, we have little understanding from the global performance of railway sector, and particularly from passenger segment. In this research work, we use...
Persistent link: https://www.econbiz.de/10008564305
century. One of the main theoretical and applied debates which is still an issue today concerns natural monopolies. Railroads … provision of railroads and transportation.Walras´s point of view was developed with twofold argument of theoretical and a moral … economy. The case made in favor of the State intervention on Railroads industry considers altruistic motivations of human …
Persistent link: https://www.econbiz.de/10008577398
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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
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This retrospective case study of merger efficiencies focuses on the 1996 merger of two large, U.S. rail networks. Information on the public record permits some evaluation of pre-merger efficiency claims, and the weighing of those claims against regulatory and antitrust standards. Access to...
Persistent link: https://www.econbiz.de/10005432474
The fundamental tension between the freight railroads' network economics and economic regulation has never been …
Persistent link: https://www.econbiz.de/10005432484