Legislative and Administrative Reforms in the Motor Carrier Industry and Returns to Stockholders

Legislative and Administrative Reforms in the Motor Carrier Industry and Returns to Stockholders

This paper traces the various administrative and legislative steps in the reform of the motor carrier industry and their effects on the return to investors. The author concludes by asking whether the reduced return is an elimination of monopoly rents, or whether the previous earnings arose partly from the additional obligations placed on motor carriers.

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