Long-Run Effects of Mergers: The Case of U.S. Western Railroads

We provide a retrospective assessment of the effects of the two recent major railroad mergers in the western United States (Burlington Northern–Atchison-Topeka-Santa Fe and Union Pacific–Southern Pacific) on the price of rail transport of export grain. Estimation accounts for selectivity bias that a...

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Veröffentlicht in:	The Journal of law & economics 2011-05, Vol.54 (2), p.275-304
Hauptverfasser:	Winston, Clifford, Maheshri, Vikram, Dennis, Scott M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Acquisitions & mergers Coefficients Commodity prices Consumer surplus Economic competition Grains Impact analysis Market prices Rail industry Railroad transportation Railway systems Shipments Studies Supply Traffic estimation US exports Welfare economics
Online-Zugang:	Volltext
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