The Economics of Evolving Rail Rate Oversight: Balancing Theory, Practice, and Objectives
Mark Burton
What the paper says
As a result of the Staggers Rail Act of 1980, the Interstate Commerce Commission (ICC) took on the task of overseeing rail rates. The ICC established standards and processes conforming to guiding economic principles. However, due to the expense and difficulty of the rail rate review process, these standards have been modified over time by the ICC and later the Surface Transportation Board, so that the current processes do not rigorously adhere to those guiding economic principles. This paper investigates the changes that have taken place in railroad rate protection over the last 40 years, explores the actual and potential consequences of the deviations from the original standards, and concludes with trends and future policy implications.
2 citations
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.23 × 0.4 = 0.09 |
| M · momentum | 0.20 × 0.15 = 0.03 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.