Preface

Section I. Foundations

"The Evolution of the Post-Staggers Rail Industry and Rail Policy" by Mark Burton and Paul Hitchcock

"Economic Foundations for 21st Century Freight Rail Rate Regulation" by John W. Mayo and Robert D. Willig

Section II. Railroads in an Increasingly Interrelated Economy

"International Trade and the Demand for U.S. Rail Services" by Ferdinando Monte

"Accounting for External Costs in Pricing Freight Transportation: Eight Policy Options" by David Austin

"Price Effects in Truck-Competitive Railroad Markets" by Gerard McCullough and Ishay Hadah

Section III. The Structure of the Rail Industry

"Restructuring Rail Systems: Implications for Network Quality and Welfare" by David Besanko

"An Empirical Analysis of Economies of Scope in the U.S. Railroad Industry" by Azrina Abdullah Al-Hadi and James Peoples

Section IV. Railroads and Post-Staggers Regulation

"The Law and Economics of Revenue Adequacy" by Jeffrey T. Macher, John W. Mayo and Lee Pinkowitz

"Open Access and Revenue Adequacy" by William Huneke

"Regulation in a ‘Deregulated’ Industry: Railroads in the Post-Staggers Era" by John W. Mayo and David E.M. Sappington

List of Contributors

Index

Jeffrey T. Macher is a Professor of Strategy, Economics and Public Policy in the McDonough School of Business at Georgetown University, USA.

John W. Mayo is a Professor of Economics, Business and Public Policy in the McDonough School of Business at Georgetown University, USA.