Efficient pricing with rivalry between a railroad and a pipeline.

R. R. Braeutigam

doi:10.1017/cbo9780511895913.009

Efficient pricing with rivalry between a railroad and a pipeline.

R. R. Braeutigam

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

Discusses the technology of such systems and reviews some of the history of such competition. Characterizes the Ramsey optimum (maximum welfare subject to break-even constraints for both the railroad and the pipeline) for the problem. Shows that when both types of firms transport coal, tariffs will exceed marginal costs and the markup of price over marginal cost will be greater in markets served by rival firms than in markets monopolized by one of the technologies. It can be socially optimal for one of the firms to earn extranormal profits.-from Editor

Original language	English (US)
Pages (from-to)	207-220
Number of pages	14
Journal	Unknown Journal
DOIs	https://doi.org/10.1017/cbo9780511895913.009
State	Published - 1986

ASJC Scopus subject areas

General Environmental Science
General Earth and Planetary Sciences

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10.1017/cbo9780511895913.009

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Efficient pricing with rivalry between a railroad and a pipeline.

Abstract

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