Modernizing U.S. Freight Rail Regulation

Modernizing U.S. Freight Rail Regulation By 1970, regulation of railroads under the Interstate Commerce Act of 1887 had resulted in an industry that was in financial ruin and unresponsive to changes in the marketplace. Subsequent legislation, which culminated in the Staggers Rail Act of 1980, was intended to resurrect the industry and did so. A Congressionally-mandated National Academy of Sciences study examined trends in the industry and the current regulatory regime and offered a number of recommendations, arguing that modernization can yield substantial benefits by modernizing what has become an outdated and ineffective system. This paper summaries some of the main findings of that study. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Modernizing U.S. Freight Rail Regulation

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Publisher
Springer US
Copyright
Copyright © 2016 by Springer Science+Business Media New York
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-016-9515-2
Publisher site
See Article on Publisher Site

Abstract

By 1970, regulation of railroads under the Interstate Commerce Act of 1887 had resulted in an industry that was in financial ruin and unresponsive to changes in the marketplace. Subsequent legislation, which culminated in the Staggers Rail Act of 1980, was intended to resurrect the industry and did so. A Congressionally-mandated National Academy of Sciences study examined trends in the industry and the current regulatory regime and offered a number of recommendations, arguing that modernization can yield substantial benefits by modernizing what has become an outdated and ineffective system. This paper summaries some of the main findings of that study.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Apr 8, 2016

References

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