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1978•The Bell Journal of EconomicsRequires access

Allocation in Surface Freight Transportation: Does Rate Regulation Matter?

Richard C. Levin

Open publisher page 77 citations

Abstract

This paper reexamines a familiar problem in the literature of transportation economics: the impact of ICC rate regulation on the allocation of surface freight traffic among competing modes. A multinomial logit model is used to estimate the division of traffic manufactured commodities among truck, rail boxcar, and piggyback. The extent of misallocation attributable to regulatory rate distortion is found to be substantially less than reported in previous studies.

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What this paper is about

This paper reexamines a familiar problem in the literature of transportation economics: the impact of ICC rate regulation on the allocation of surface freight traffic among competing modes. A multinomial logit model is used to estimate the division of traffic manufactured commodities among truck, rail boxcar, and piggyback. The extent of misallocation attributable to regulatory rate distortion is found to be substantially less than reported in previous studies.

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OpenAlex reports 77 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

This paper reexamines a familiar problem in the literature of transportation economics: the impact of ICC rate regulation on the allocation of surface freight traffic among competing modes. A multinomial logit model is used to estimate the division of traffic manufactured commodities among truck, rail boxcar, and piggyback. The extent of misallocation attributable to regulatory rate distortion is found to be substantially less than reported in previous studies.

Key concepts: Economics, Microeconomics

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