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The Regulation of Surface Freight Transportation: The Welfare Effects Revisited

Braeutigam, Ronald R. and Noll, Roger G. (1982) The Regulation of Surface Freight Transportation: The Welfare Effects Revisited. Social Science Working Paper, 375. California Institute of Technology , Pasadena, CA. http://resolver.caltech.edu/CaltechAUTHORS:20171005-161559189

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Abstract

This paper reexamines a topic that has been much studied by economists—estimating the effects on resource allocation of the economic regulation of surface freight transport. It demonstrates that in several studies the methods used to estimate the welfare costs of rate regulation are invalid, develops a correct procedure, and provides estimates of the welfare effects using data and estimates of modal market share relationships from a study by Boyer. The paper also analyzes some implications of an important assumption that is common among studies of the transportation sector. The assumption is that the total quantity of freight shipments by all modes is invariant with respect to tariff levels.


Item Type:Report or Paper (Working Paper)
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http://resolver.caltech.edu/CaltechAUTHORS:20171116-170827447Related ItemLater version published in Review of Economics and Statistics
Additional Information:Revised. Original dated to April 1981. The work reported here was supported financially by the Caltech Environmental Quality Laboratory. The authors would like to thank F. M. Scherer and E, Shin for helpful comments. Published as Braeutigam, Ronald R., and Roger G. Noll. "The regulation of surface freight transportation: The welfare effects revisited." The Review of Economics and Statistics (1984): 80-87.
Group:Social Science Working Papers, Environmental Quality Laboratory
Funders:
Funding AgencyGrant Number
Environmental Quality LaboratoryUNSPECIFIED
Subject Keywords:Tariffs, Marginal costs, Cost estimates, Shipping, Marginal cost pricing, Shipments, Total surplus, Traffic estimation, Transportation regulation, Statistical estimation
Record Number:CaltechAUTHORS:20171005-161559189
Persistent URL:http://resolver.caltech.edu/CaltechAUTHORS:20171005-161559189
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:82138
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:06 Oct 2017 17:40
Last Modified:17 Nov 2017 22:54

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