Efforts to reform regulation of the railroad industry are supported by a substantial body of economic research which has described and measured the cost of the present regulatory regime. In focusing on the defects of the status quo, economists have neglected to give sufficient attention to...

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...