A two-part Ramsey-Optimum railroad tariff
Published: 1979
Language: eng
Format: Microform
Number of pages: 137
First sentence: Suppose that railroads have increasing returns to scale and are burdened with substantial common costs. Suppose also that an omniscient regulator has the task of setting rates for them that allow their unsubsidized operation and pose the least possible hindrance to internal commerce. This regulator will prescribe a tariff of second-best Ramsey prices that maximizes welfare subject to a budget constraint.
Description: Analysis of freight rates in the context of spatial economics and of effects of competition and regulation on freight rates. Applied historical data from the UK, Argentine, Australia, and (mostly) the USA. Concludes that unfettered competition is sub-optimal. Summary appeared in American Economic Review, vol. 71, No. 1 (March 1981), 65-79.
Notes: Microfilm. Chicago, Ill. : University of Chicago, Joseph Regenstein Library, Dept. of Photoduplication, 1979. 1 microfilm reel ; 35 mm.
Bibliography: leaves 97-104.
Thesis (Ph. D.)--University of Chicago, 1979.
Table of contents: label: 1
title: A brief description of railroad rates
pagenum: 6; label: 2
title: Marginal cost and two-part pricing of transport.
pagenum: 14; label: 3
title: Previous analyses of two-part tariffs
pagenum: 19; label: 4
title: A Ramsey-optimum tariff.
pagenum: 28; label: 5
title: A test of the cross-subsidization hypothesis
pagenum: 42; label: 6
title: Speculation about the presence of a constraint.
pagenum: 51; label: 7
title: Externalities in rate making
pagenum: 70; label: 8
title: Sustainable and third-best tariffs
pagenum: 79; label: 9
title: An industry in search of regulation
pagenum: 86; title: Bibliography
pagenum: 97; title: [Data] Appendix
pagenum: 105