United States Department of Transportation
i
The Impact of State Economic Regulation of Motor Carriage on Intrastate and Interstate Commerce
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1990-05-01
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[PDF-25.24 MB]
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TRIS Online Accession Number:00601482
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Abstract:The purpose of this study is to show the cost impact of the remaining motor carrier regulation in the states that still impose such regulation, as well as the impacts of such regulation on interstate commerce, i.e., on consumers in states other than the regulating states. This study shows that states that continue to regulate place a considerable burden of excess costs on their own shippers and consumers, as well as those other other states. The analysis links the standard economic welfare model of the benefits attributed to lower prices to consumers (the Posner model) to the U.S. Multiregional Input-Output Model (MRIO). The Posner model demonstrates the harm to society of prices which are held above the market level by regulation. It then measures the gain to society that results from lowering prices (both on existing output as well as additional output that would be stimulated by the lower prices).
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