ORGANIZATION AND COMPETITION IN TRANSPORTATION: THE AGRICULTURAL EXEMPT SECTOR
J T Lamkin
Abstract
J T Lamkin
Abstract
The transportation of agricultural commodities by truck is not subject to economic regulation when moved in interstate commerce. Agricultural commodities are specifically exempt from Interstate Commerce Commission regulation in section 203(b)(6) of the Interstate Commerce Act. Exempt truck transportation presents a unique contrast in regulatory policy and affords an opportunity to observe the results existing in the seeming paradox of both regulated and nonregulated for hire transportation operating within the same economy.
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The transportation of agricultural commodities by truck is not subject to economic regulation when moved in interstate commerce. Agricultural commodities are specifically exempt from Interstate Commerce Commission regulation in section 203(b)(6) of the Interstate Commerce Act. Exempt truck transportation presents a unique contrast in regulatory policy and affords an opportunity to observe the results existing in the seeming paradox of both regulated and nonregulated for hire transportation operating within the same economy.
Key concepts: Truck, Commission, Agriculture, Competition (biology), Business, Industrial organization, Finance, International trade