Transportation: A Global Supply Chain Perspective
8th Edition
ISBN: 9781133592969
Author: John J. Coyle, Robert A. Novack, Brian Gibson, Edward J. Bardi
Publisher: Cengage Learning
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Question
Chapter 3, Problem 1SQ
Summary Introduction
To explain: The rationale for the economic regulation of transportation.
Expert Solution & Answer
Explanation of Solution
The rationale for the economic regulation of transportation:
In any industry, it is natural when a
Two types of transportation have natural monopolistic tendencies: they are pipeline and railroad. The pipeline transportation model is privately owned and so does not need economic regulation. The railroads, on the other hand, were economically regulated in the year 1987 because there were no antitrust laws created in Country U which tend to nationalize the industries. This was done to ensure that there are no monopolistic abuses practices by the railroads against small level farmers and to ensure that there is a competitive and fair industry is present.
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Chapter 3 Solutions
Transportation: A Global Supply Chain Perspective
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