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- W3122584198 abstract "This article describes the idea of revenue adequacy, a component of United States railroad firms' financial performance calculated annually by regulatory oversight bodies. The authors examine revenue adequacy in five areas: the origin of revenue adequacy; how regulators have chosen to measure revenue adequacy; how revenue adequacy relates to other relevant economic metrics that guide policy governance decisions; how revenue adequacy measures economic value in either concept or practice; and the use of revenue adequacy in policy oversight. They also consider the historical origins, measurement, and informational provisions of revenue adequacy. The article presents a financial benchmarking exercise to assess revenue adequacy in the rail industry, compared to comparable industries and to publicly-traded non-financial companies. The authors also assess whether the railroad industry has made continued rail transportation system improvements given its regulatory governance structure. They conclude that significant strides toward the goal of achieving a “safe, adequate, economical, efficient, and financially stable Rail transportation system” (as established in the 1980 Staggers Rail Act) have been made. A final section considers the implications of their findings for policy makers." @default.
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- W3122584198 date "2014-01-01" @default.
- W3122584198 modified "2023-09-28" @default.
- W3122584198 title "Revenue Adequacy: The Good, the Bad and the Ugly" @default.
- W3122584198 hasPublicationYear "2014" @default.
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