Abstract
This paper presents an overview of the economic effects of railroad deregulation. The United States experience with railroad deregulation has been very favorable. Shippers generally have gotten better service without higher rates. Labor productivity has gone up substantially. Railroads have not been able to use their greater rate-making freedom to earn excess profits.
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McFarland, H. The effects of United States railroad deregulation on shippers, labor, and capital. J Regul Econ 1, 259–270 (1989). https://doi.org/10.1007/BF00134960
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DOI: https://doi.org/10.1007/BF00134960