Railroad Diversification: Where Lies the Public Interest?
The potential public benefits and costs of railroad diversification are examined in this article. The principal claimed benefit, that diversification will produce an increased flow of capital to the rail-road industry, is unlikely to be realized. The principal cost, that management may use diversifi...
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| Veröffentlicht in: | Bell Journal of Economics and Management Science 1974-10, Vol.5 (2), p.595-613 |
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| container_end_page | 613 |
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| container_title | Bell Journal of Economics and Management Science |
| container_volume | 5 |
| creator | Eads, George C. |
| description | The potential public benefits and costs of railroad diversification are examined in this article. The principal claimed benefit, that diversification will produce an increased flow of capital to the rail-road industry, is unlikely to be realized. The principal cost, that management may use diversification as a means of transferring assets from railroading to other more profitable lines of business, is less a problem created by diversification than a reflection of the current financial state of the railroad industry. Railroad diversification should be neither banned nor tightly regulated. Either will further hamper a much needed process of adjustment that already has been too long delayed. Instead, diversification ought to be welcomed, for it will place a needed check on the ICC's ability to force railroads to operate in a noneconomic fashion. |
| doi_str_mv | 10.2307/3003122 |
| format | Article |
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| ispartof | Bell Journal of Economics and Management Science, 1974-10, Vol.5 (2), p.595-613 |
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| language | eng |
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| source | Jstor Complete Legacy; RePEc; PAIS Index; Business Source Complete; Periodicals Index Online |
| subjects | Administrative agencies Airlines Business structures Diversification Diversification in industry Economic regulation Industrial regulation Industrial sectors Management science Public interest Rail industry Rail lines Railroad transportation Railroads Regulated industries Short Articles, Comments and Reviews Transportation regulation United States |
| title | Railroad Diversification: Where Lies the Public Interest? |
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