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022 _a00222186
040 _aMSU
_bEnglish
_cMSU
_erda
050 _aHB73 JOU
100 1 _aWinston, Clifford
_eauthor
245 1 0 _aLong-Run Effects of Mergers:
_bthe Case of U.S. Western Railroads
_cClifford Winston, Vikram Maheshri and Scott M. Dennis
264 _aChicago:
_bUniversity of Chicago Press;
_c2011.
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aThe Journal of Law and Economics
_vVolume 54, number 2
520 _aWe 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.
650 _aRail industry
_xEconomic competition
_zBritain
700 _aDennis, Scott M.
_eco author
700 _aMaheshr, Vikram
_eco author
856 _uhttps://doi.org/10.1086/655164
942 _2lcc
_cJA
999 _c164132
_d164132