Railroad Pricing in Grain Transportation Markets: A Kansas Case Study

Ming H. Chow and L. Orlo Sorenson

No 278175, 1986 Annual Meeting, July 27-30, Reno, Nevada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The Staggers Act of 1980 changed the transaction rules in rail transportation markets, reducing the ability of railroads to jointly control rates. In Staggers, (1) railroad rate bureau authority was modified, (2) rate verification procedures before the ICC were changed, and (3) confidential rate contracts were allowed. In this study, joint rail profit maximizing rates for export wheat are determined for a case study area of the Great Plains and compared with actual rates before and after Staggers. Rates exceeded estimated cartel rates prior to Staggers and fell below after Staggers.

Keywords: International Relations/Trade; Marketing (search for similar items in EconPapers)
Pages: 22
Date: 1986-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea86:278175

DOI: 10.22004/ag.econ.278175

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