New York: Praeger, 1975.
First Edition; First Printing. Hardcover. Very Good with no dust jacket. Item #13857
Ex-Library. Library stamps/marks, otherwise light wear. Crisp hardcover. ; Pricing in the railroad and regulated segment of the motor carrier industry is enormously complex because of the legal-economic institutional mechanism employed. In these industries, price (or rate) is normally established through the medium of rate bureaus which are exempt from federal antitrust laws by virtue of the Reed-Bulwinkle Amendment to the Interstate Commerce Act of 1948. Rate bureaus play a critical role in transportation pricing, and critics of conference rate making contend these groups are anticompetitive cartels. This book examines the effects of rate bureaus on the general public and the transportation industries. It was found that for a limited, but specific, period of time they do perform a positive function. In the area of independent action, where they are most frequently criticized, bureaus can be extremely responsive to changing consumer needs. This initial examination of rate conference activity and performance should be followed, the authors claim, with extended dynamic analysis to produce conclusions about public policy in transportation.; Praeger Special Studies in US Economic, Social, and Political Issues; Ex-Library; 116 pages.