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The Regulation of Railroads
The Great Economic LevelingOut of
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abandonment airlines allocation analysis Antitrust areas Areeda-Turner Arrow-Debreu model average branch banking branching British Rail budget capacity capital market carriers commission commodity compensation competitive Conrail court decisions deficits demand deregulation economic regulation economists Edge Act corporations effect efficient elasticity electricity entry equation estimates example fares federal fifth freedom firm for-hire freight grain hauliers Ibid important income increase industry interest International Air Interstate Commerce Commission investment licensing light density lines marginal cost marginal-cost McFadden Act ment monopoly national banks natural monopoly nomic Ohio operating percent period Predatory Pricing problems production profits public utility purchases rail service railroad railways rate base rate of return reduced regression regu regulatory restrictions result revenues road haulage rules share shareholders Shinkansen shipments shippers short-line railroad significant subsidy Table tariff telecommunications tion traffic transportation truck variable