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- W18831421 abstract "The social cost of transportation and the respective market roles of the several agencies are vitally influenced by rate regulation. Historically devoted to protecting the shipping public from railroad monopoly exploitation, the emphasis was altered by the advent of the newer agencies, and control is now significantly directed toward limiting price competition. Thus restricted, competition cannot perform effectively its basic functions of forcing innovation and efficiently channeling resources into alternative uses and to the most capable producers. With price competition stifled, the residual service competition exerts little pressure for cost-reducing innovation, but tends to be price-increasing and to deprive buyers of a range of price and quality choices." @default.
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- W18831421 date "1959-01-01" @default.
- W18831421 modified "2023-09-26" @default.
- W18831421 title "The Regulation of Transport Price Competition" @default.
- W18831421 doi "https://doi.org/10.2307/1190196" @default.
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