Switch it: Canadian rail regulations, Ramsey pricing, and potential implications for U.S. rail policy

IF 4.6 3区 工程技术 Q1 ECONOMICS
James Nolan, Hakan Andic
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引用次数: 0

Abstract

Like the Surface Transportation Board (STB) in the United States, the Canadian Transportation Agency (CTA) is the regulatory body governing the rail sector within Canada. Due to possible policy relevance, we examine the CTA’s regulated zonal interswitching (broadly equivalent to reciprocal switching in the U.S.) rates from the perspective of Ramsey (second best) pricing. Interswitching in Canada is intended to promote inter-rail competition when two or more railroads are proximate to each other and the shipper. Using Canadian waybill data and associated pricing parameter estimates as input into a numerical simulation, we examine extant Canadian interswitching rates in comparison to Ramsey rates, assuming each zonal rate corresponds to a distinct level of shipper demand. We find that recent Canadian interswitching rates are not far off of comparable Ramsey prices. Regarding U.S. policy, our findings imply that Ramsey pricing principles could still be used to set reciprocal switching access rates that would be economically justifiable to both shipper and carrier.
转换它:加拿大铁路法规,拉姆齐定价,以及对美国铁路政策的潜在影响
与美国的地面运输委员会(STB)一样,加拿大运输局(CTA)是管理加拿大铁路部门的监管机构。由于可能的政策相关性,我们从拉姆齐(第二优)定价的角度研究了CTA受监管的区域交换(大致相当于美国的互惠交换)费率。在加拿大,当两条或两条以上的铁路靠近彼此和托运人时,交换的目的是促进铁路间的竞争。使用加拿大运单数据和相关定价参数估计作为数值模拟的输入,我们将现有的加拿大交换率与拉姆齐费率进行比较,假设每个区域费率对应于不同的托运人需求水平。我们发现,加拿大最近的交换率与可比的拉姆齐价格相差不远。关于美国的政策,我们的研究结果表明,拉姆齐定价原则仍然可以用来设定互惠交换访问率,这对托运人和承运人来说都是经济上合理的。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
8.40
自引率
2.60%
发文量
59
审稿时长
60 days
期刊介绍: Research in Transportation Economics is a journal devoted to the dissemination of high quality economics research in the field of transportation. The content covers a wide variety of topics relating to the economics aspects of transportation, government regulatory policies regarding transportation, and issues of concern to transportation industry planners. The unifying theme throughout the papers is the application of economic theory and/or applied economic methodologies to transportation questions.
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