Competition and Regulation: The Railroad Model

Maury Klein

Business History Review, 1990, vol. 64, issue 2, 311-325

Abstract: In the following essay on the railroad industry, Maury Klein examines preconceptions and misunderstandings surrounding Americans' views of regulation and competition. He argues that the United States seems to want competition without losers and that, at least in the case of railroads, regulation has often tried to ensure this outcome without a real understanding of the economics of the industry.

Date: 1990
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