Cost and Value of Service in Railroad Rate-Making

M. O. Lorenz

The Quarterly Journal of Economics, 1916, vol. 30, issue 2, 205-232

Abstract: I. General viewpoint of this paper, 205. — II. Preliminary survey of railroad income and outgo, 208. — III. An industry of increasing returns? 209. — Relation of cost to growth of traflfic, 210. — Influence of density of traffic, 214. — Cost of service and value of service as factors in rate-making, 219. — IV. Bridging the gap between theory and practice; review of selected authors, 221. — Launhardt, 222. — Rank, 223. — Talcott, 224. — Shinn, 225. — Erickson, 226. — Millard, 227. — Interstate Commerce Commission's order of 1915, 231.

Date: 1916
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