Alternative scenarios for Federal transportation policy. Volume I. Summary. First year final report

A summary is given of research evaluating the economic effects of existing and prospective federal policies governing intercity and international freight and passenger transportation enterprises in the economy of the United States. The analysis encompasses all modes of transportation, including rail, motor, water, air and intermodal coordinative institutions, and focuses upon the impact of alternative regulatory policies. However, other federal policies including subsidy, taxation, procurement, government ownership and investment, special programs for particular transportation industry problems and impacts of general national policies on transportation will be included when relevant. Economic evaluation includes the study of efficient resource allocation and distributional effects of alternative policies together with consideration of both partial and general equilibrium effects. The research is interdisciplinary in scope, drawing upon engineering, economics, statistics, law and administration.