Topic: 13.2 Surface Freight

A complete indexing and article service is available free from 1967 to 2000

Ramsey Pricing by US Railroads. Can it exist?

The author criticises the reference to Ramsey pricing in a recent decision by the Interstate Commerce Commission on charges for transport of coal. He finds that Ramsey pricing is suitable for public finance or for nationalised industries, but cannot be applied after deregulations.

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Pricing and Investment in Railway Freight Services

British Rail, now largely freed from government regulation, bases its freight prices on the prices of its competitors and on quality of service. Costs are used to tell whether, and for how long, br can profitably accept traffic at market prices. Assets will be replaced only to the capacity which is justified by traffics which can bear their long-run marginal costs. In the Common Market countries road and rail are both subject to detailed government regulation of charges.

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