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Railway Costs and Planning

Railway Costs and Planning

Railway planners have chronically failed to recognise excess capacity. A longer view must be taken. The principles have long been understood; all that is needed is the will of governments and managers to apply them.

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Cost Functions for Inland Waterways transport in the United States

American inland waterway transport is subject to a complicated system of control by government agencies, which require knowledge of costs. Inland waterway costs have fallen slightly, and a large share of the market has come into the hands of a small number of firms. The authors find increasing returns to scale for size of firm and output.

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