Research Reports
Report Details
Title:
Railroad Cost Conditions: Implications for Policy
Authors:
Publication Date:
Jul 2000
Report #:
DP-137
TRID #:
Keywords:
competition, cost of service pricing, mergers and acquisitions, railroads, social benefits, welfare economics
Type:
Research Report – Department Publications
Final Report Abstract
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?