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Rate Filing Policies for Inland Water Transportation: An Experimental Approach

Hong, James T. and Plott, Charles R. (1982) Rate Filing Policies for Inland Water Transportation: An Experimental Approach. Bell Journal of Economics, 13 (1). pp. 1-19. ISSN 0361-915X. http://resolver.caltech.edu/CaltechAUTHORS:20140225-155243249

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Abstract

This study uses laboratory experiments to explore the possible consequences of a proposed rate publication policy for the domestic, dry bulk commodity transportation industry on inland waterways. The central problem is to determine the effects of a requirement that a carrier must file a proposed rate change with the Interstate commerce Commission at least fifteen days before the rate change is to become effective. The study concludes that in laboratory markets that have many of the essential economic features of the barge industry, rate filing policies cause higher prices, lower volume, and reduced efficiency, and they hurt the small participants. Claims that rate filing policies would improve the operations of markets with these economic features are not supported by the laboratory research conducted to date.


Item Type:Article
Related URLs:
URLURL TypeDescription
http://www.jstor.org/stable/3003426OrganizationJSTOR Article
http://dx.doi.org/10.2307/3003426DOIJSTOR Article
Alternate Title:Implications of Rate Filing for Domestic Dry Bulk Transportation on Inland Waters: An Experimental Approach
Additional Information:© 1983 RAND Corporation. Research support supplied by the U.S. Department of Transportation and the National Science Foundation is gratefully acknowledged. The authors wish to acknowledge the help of research assistants Ed Rea and Brian Chaney. We would also like to thank Dr. John W. Snow, who suggested the importance of the topic.
Group:Social Science Working Papers
Funders:
Funding AgencyGrant Number
U.S. Department of TransportationUNSPECIFIED
NSFUNSPECIFIED
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Social Science Working Paper164
Record Number:CaltechAUTHORS:20140225-155243249
Persistent URL:http://resolver.caltech.edu/CaltechAUTHORS:20140225-155243249
Official Citation:Rate Filing Policies for Inland Water Transportation: An Experimental Approach James T. Hong and Charles R. Plott The Bell Journal of Economics , Vol. 13, No. 1 (Spring, 1982) , pp. 1-19 Published by: RAND Corporation Article DOI: 10.2307/3003426 Article Stable URL: http://www.jstor.org/stable/3003426
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:43997
Collection:CaltechAUTHORS
Deposited By: Susan Vite
Deposited On:26 Feb 2014 15:48
Last Modified:28 Mar 2016 21:37

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