Is Current Transportation Policy Consistent With An Optimal Transportation System?

Richard L. Kilmer

No 284538, 1974 Annual Meeting, August 18-21, College Station, Texas from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Buchanan-Tullock collective choice model is used to analyze decision rules whereby individuals choose between market management and regulated market. Conclusions: the public would choose market management. Reasons given for continuance of regulation: interest group dominated legislators and regulatory agencies. Result: current policy is not tending the transportation industry toward optimality.

Keywords: Public; Economics (search for similar items in EconPapers)
Pages: 18
Date: 1974-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea74:284538

DOI: 10.22004/ag.econ.284538

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