The Effects of Subsidies in the United States Shipbuilding Industry

The Effects of Subsidies in the United States Shipbuilding Industry

The author concludes that the system of providing differential subsidies for the construction and operation of American merchant vessels has not achieved its purpose. "Though the U.S. fleet is large, it is old, antiquated and inactive".

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Economies of Scale in Bus transport: I. Some British Municipal Results

This study was prompted by the proposal to merge a number of municipal transport undertakings into Passenger transport Authorities. The authors analyse figures showing various working expenses per bus-mile, and find no evidence of scale economies. They point out, however, that the P.T.A.s will be larger than any undertaking in their sample, and that a different conclusion might conceivably be reached if data were available on costs per passenger-mile. Extension of one-man operation appears to offer greater scope for economies than amalgamation.

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