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- W810540147 abstract "This paper examines potential changing trends of the elasticity of the demand for rail services since deregulation. The demand for rail services is specified as a function of its own rate, the rate for motor carriers, national output (GDP), the lagged dependent variable, and a dummy variable. The partial adjustment model is found not applicable to railroads. The price elasticity has been on the rise, the cross-price elasticity with respect to the truck rate has also increased, and the income elasticity has declined slightly. These findings suggest that since deregulation railroads have faced more competition and that growth in rail freights is slightly less than the growth in GDP. (A)" @default.
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- W810540147 date "1994-10-01" @default.
- W810540147 modified "2023-09-28" @default.
- W810540147 title "ESTIMATING THE IMPACT OF DEREGULATION ON THE ELASTICITY OF THE DEMAND FOR RAILROAD SERVICES" @default.
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