Long-Run Effects of Mergers: The Case of U.S. Western Railroads
Clifford Winston (),
Vikram Maheshri and
Scott M. Dennis
Journal of Law and Economics, 2011, vol. 54, issue 2, 275 - 304
We provide a retrospective assessment of the effects of the two recent major railroad mergers in the western United States (Burlington Northern-Atchison-Topeka-Santa Fe and Union Pacific-Southern Pacific) on the price of rail transport of export grain. Estimation accounts for selectivity bias that arises because rail prices are observed only for routes with traffic. Despite concerns that both mergers could harm consumers by reducing carrier competition, we find that, in the long run, the mergers have had negligible effects on grain transportation prices and consumer welfare.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15) Track citations by RSS feed
Downloads: (external link)
Access to the online full text or PDF requires a subscription.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ucp:jlawec:doi:10.1086/655164
Access Statistics for this article
More articles in Journal of Law and Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().