Railway Rate Theories of the Interstate Commerce Commission. I

M. B. Hammond

The Quarterly Journal of Economics, 1910, vol. 25, issue 1, 1-66

Abstract: An inductive study of rate theories, 1. — Decisions of the Interstate Commerce Commission as material for such a study, 4. — I. Commission's preliminary statement of the fundamental principle of rate making, 7. — The determining factors in the Commission's decisions, 10. — II. Value of commodity as a rate basis, 11. — 1. Competitive commodities, 12. (a) in different stages of manufacture, 13. — (b) as possible substitutes for each other, 25. — 2. Non-competitive commodities, 28. — 3. Market value the criterion, 33. — 4. Social considerations, 35. — III. Cost of service as a rate basis, 40. — 1. Some special service rendered, 42. — 2. Comparison with other commodities, 50. — 3. Comparison with rates elsewhere, 58. — 4. Car load and less than car load shipments, 60. — Conclusion with reference to cost of service, 65.

Date: 1910
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