The Stagger’s Act of 1980 largely deregulated the Class I Railroad industry and has had profound effects on labor. Between 1978 and 1994, employment in the industry decreased by about 60 percent, while real wages (average compensation) increased by over 40 percent. Earlier research examined...

Auctions are common mechanisms for identifying prices and suppliers of commodities and are particularly important in agricultural marketing. Information asymmetries among bidders may be ameliorated over time through some form of learning. In this study, we incorporate prior decisions to...

Wheat protein is one of the most important specifications used in domestic and import purchase contracts. It is used as a proxy for functional quality that is important in domestic markets and to importers. Large differences exist in functional characteristics amongst wheat that vary by protein...

Truck transportation has become very important to the North Dakota grain industry. Identification of the costs and characteristics of exempt motor carriers allowed evaluation of the performance of the industry. Average mileage per vehicle was about 88,000 per year. Firms larger than four trucks...

While significant work has been done to examine the determinants of regional development, there is little evidence on the contribution of air services toward this outcome. This paper exploits the unexpected market changes induced by the 1978 Airline Deregulation Act to bring new evidence on the...