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Priorities for University Research in Transportation Proceedings of a Workshop (1976) / Chapter Skim
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PANEL ON ECONOMICS AND REGULATION
Pages 46-51

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.


From page 46...
... Duffy Jack Faucett Robert E Gallamore Gregory Ingram James C
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From page 47...
... And so we decided on a different course: rather than explore the subject experimentally, we went back to our fundamental subject to find out what university researchers can do in economics that has a comparative advantage over consultants, government agencies, and business firms. With this in mind, we went over the entire range of theoretical economics to see what basic issues university researchers could deal with to the greatest advantage.
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From page 48...
... Will we eventually come to full deregulation when long-range competitive equilibrium occurs following necessary short-range adjustments or will scale economies somewhere put a stop to it, so that to realize greater public welfare we will have to maintain some kind of regulation or subsidy? This involves both pricing and the rate issues; it involves the impact which noneconomic regulations have upon the system of transportation, safety, environment, and so forth.
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From page 49...
... We do not integrate investment criteria in public expenditure programs, highway buildings, locks and dams, air infrastructure involving fiscal policy user charges, benefit-cost analysis, and other things with the regulatory issues and their economic impacts. Long-run, post-1980 consideration is necessary here because the analytical problems are so great.
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From page 50...
... There may be impacts of price or industry structure which play a role in leading to particular distributions of city size throughout the country, and which also involve the distribution of activities within cities. Unexplored issues provide research opportunities for university economics.
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From page 51...
... On the other hand, the economic impact of regulation is in many cases very great and there are power blocs and power struggles reflecting vested interests. Somehow or other we have to separate out the economic issues from the noneconomic issues in regulation.
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Key Terms

  • user charges
  • investment criteria
  • city size
  • economic issues
  • regulatory processes

  • policy changes
  • university researchers
  • market structure
  • traffic volumes
  • economic principle

  • theoretical economic
  • economic performance
  • economic impacts
  • economic principles
  • economic forces

  • measuring economic
  • economic distress
  • emphasize scale
  • unexplored issues
  • power blocs

  • consider transitional
  • existing stocks
  • occurs following
  • analysis maximizing
  • equipment affecting

  • scientific opportunity
  • noneconomic issues
  • industry structure
  • business firms
  • management structures


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