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Research Reports |
| Title: | Railroad Cost Conditions: Implications for Policy |
| Authors: | John Bitzan |
| Publication Date: | Jul 2000 |
| Report #: | DP-137 |
| TRID #: | 00797545 |
| Keywords: | competition, cost of service pricing, mergers and acquisitions, railroads, social benefits, welfare economics |
| Type: | Research Report – Department Publications |
This study examines the cost implications of mergers and competition over existing rail lines by testing for the condition of cost subadditivity. That is, can industry output be provided at a lower cost by one firm than by more than one firm?
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