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Railroads and Price Discrimination: The Roles of Competition, Information, and Regulation

Permanent URL:
http://handle.nal.usda.gov/10113/57912
Abstract:
I evaluate railroad price discrimination in three periods: 1870–1886, before the passage of the Interstate Commerce Act; 1945–1975, when rates were regulated but railroads faced extensive intermodal competition; and 1980–2010, after the passage of major regulatory reforms. While price discrimination was widespread in each period, the specific practices varied as the nature of competition, regulation, and the information available to decision-makers changed. The Act focused heavily on price discrimination, and limited some practices while encouraging others. One major weakness of the Act was the restrictions that were imposed on pricing practices that could lead to cost reductions and productivity improvements.
Author(s):
James M. MacDonald
Subject(s):
decision making , history , laws and regulations , prices , railroads , trade
Source:
Review of Industrial Organization 2013 8 v.43 no.1-2
Language:
English
Year:
2013
Collection:
Journal Articles, USDA Authors, Peer-Reviewed
File:
Download [PDF File]
Rights:
Works produced by employees of the U.S. Government as part of their official duties are not copyrighted within the U.S. The content of this document is not copyrighted.