Sm. Dennis, Using spatial equilibrium models to analyze transportation rates: an application to steam coal in the United States, TRANSP R E, 35(3), 1999, pp. 145-154
Citations number
32
Categorie Soggetti
Politucal Science & public Administration","Civil Engineering
Journal title
TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW
This paper uses the implications of Samuelson's spatial equilibrium model t
o analyze transportation rates for steam coal delivered to electric utiliti
es in the United States. The analysis indicates that transportation rates d
eclined in every year but two since railroads were substantially deregulate
d in 1980. While some utilities may have experienced some rate increases, c
oal-fired electric utilities as a whole have clearly benefited from lower t
ransportation rates, and economic welfare has increased. The methodology in
this study may be used in other instances where reliable data on transport
ation rates are not available, but data on delivered prices are available.
(C) 1999 Elsevier Science Ltd. All rights reserved.