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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 15
The Staggers Rail Act of 1980 substantially reduced the power of the Interstate Commerce Commission to control the rates that railroads charge shippers.
(a) The president of the National Coal Association has denounced the system of "letting the railroads charge what the traffic will bear" and has called for renewed rate regulation. Many other shippers, however, applaud the extensive deregulation of the railroads. Why might the coal industry favor rate regulation while most shippers oppose it?
(a) The president of the National Coal Association has denounced the system of "letting the railroads charge what the traffic will bear" and has called for renewed rate regulation. Many other shippers, however, applaud the extensive deregulation of the railroads. Why might the coal industry favor rate regulation while most shippers oppose it?
Explanation
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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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