Long-Run Effects of Mergers: the Case of U.S. Western Railroads Clifford Winston, Vikram Maheshri and Scott M. Dennis

By:

Winston, Clifford [author]

Contributor(s):

Material type: Text

TextSeries: The Journal of Law and Economics ; Volume 54, number 2Chicago: University of Chicago Press; 2011Content type:

text

Media type:

unmediated

Carrier type:

volume

ISSN:

00222186

Subject(s):

Rail industry -- Economic competition -- Britain

LOC classification:

HB73 JOU

Online resources:

Click here to access online

Summary: We provide a retrospective assessment of the effects of the two recent major railroad mergers in the western United States (Burlington Northern–Atchison-Topeka-Santa Fe and Union Pacific–Southern Pacific) on the price of rail transport of export grain. Estimation accounts for selectivity bias that arises because rail prices are observed only for routes with traffic. Despite concerns that both mergers could harm consumers by reducing carrier competition, we find that, in the long run, the mergers have had negligible effects on grain transportation prices and consumer welfare.

Reviews from LibraryThing.com:

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Call number	Vol info	Copy number	Status	Notes	Date due	Barcode
Journal Article	Main Library - Special Collections	HB73 JOU (Browse shelf(Opens below))	Vol. 54, no.2 (pages 275-304)	SP10790	Not for loan	For In House Use Only

Browsing Main Library shelves, Shelving location: - Special Collections Close shelf browser (Hides shelf browser)

Previous	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	Next
Previous	HB73 JOU Federal Policy and the Rise in Disability Enrollment: evidence for the Veterans Affairs’ Disability Compensation Program	HB73 JOU When Do Applicants Search for Prior Art?	HB73 JOU Property Rights and Parliament in Industrializing Britain	HB73 JOU Long-Run Effects of Mergers: the Case of U.S. Western Railroads	HB73 JOU Intended and Unintended Consequences of Youth Bicycle Helmet Laws	HB73 JOU Risk-Based Pricing and Risk-Reducing Effort: does the Private Insurance Market Reduce Environmental Accidents?	HB73 JOU Long-Term Effects of Minimum Legal Drinking Age Laws on Adult Alcohol Use and Driving Fatalities	Next

We provide a retrospective assessment of the effects of the two recent major railroad mergers in the western United States (Burlington Northern–Atchison-Topeka-Santa Fe and Union Pacific–Southern Pacific) on the price of rail transport of export grain. Estimation accounts for selectivity bias that arises because rail prices are observed only for routes with traffic. Despite concerns that both mergers could harm consumers by reducing carrier competition, we find that, in the long run, the mergers have had negligible effects on grain transportation prices and consumer welfare.

There are no comments on this title.

to post a comment.

here