This report, which is posted on the FRA homepage, includes a simplified framework for examining the welfare implications of railroad mergers and competition. It examines the cost implications of mergers and competition over existing rail lines by testing for the condition of cost subadditivity. This condition is examined directly by simulating single-firm and two-firm costs under various output combinations, using output-cost relationships estimated from a statistical cost function.
State departments of transportation (DOTs) have expressed concern about mergers and acquisitions (M&As) occurring within the industries that produce, ...
Merger and acquisition (M&A) activity, particularly in the transportation materials and construction industry, is analyzed relatively infrequently. Ho...
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United States Department of Transportation
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