Railroads and land grant policy: a study in government intervention
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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York [u.a.]
Acad. Pr.
1982
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| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVI, 268 S. graph. Darst. |
| ISBN: | 0124911803 |
Staff View
MARC
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Record in the Search Index
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| adam_text | Titel: Railroads and land grant policy
Autor: Mercer, Lloyd J
Jahr: 1982
Contents
List of Figures x
List of Tables xi
Preface xv
1. Introduction
Land Grants: Government Intervention in the Market 1
Subsidy, Profitability, and Railroad Investment 3
The Railroad Land Grants 6
Historiography of the Land Grants 8
Objectives of the Study 15
2. Economic Issues in Railroad Land Grant Policy
Building Ahead of Demand 19
External Economies from Railroad Operation 20
Railroads as Natural Monopolies 22
Capital Market Imperfections 24
Hypotheses of the Land Grant Advocates 26
Railroad Land Grants and the Distribution of Income 29
Summary 31
3. Building the Land Grant Railroads
The Central Pacific System 32
The Union Pacific System 38
The Texas and Pacific System 43
The Atchison, Topeka and Santa Fe System 47
The Northern Pacific System 52
The Great Northern Railway System 56
The Canadian Pacific System 60
Summary 67
4. Private Rates of Return
Subsidy Unnecessary 75
Subsidy Necessary but Inadequate 84
Subsidy Necessary and Adequate 87
Summary 97
5. Social Rates of Return
Intraregional Benefits 99
Interregional Benefits 100
Passenger Benefits 105
The Social Returns Stream 107
Tests of Hypotheses B1 and B2 108
6. Building Ahead of Demand
Test of the Fishlow Hypothesis for the Land Grant Systems
Estimation of Investment Demand 123
Capacity Utilization 133
The Overbuilding Hypothesis 136
Building Ahead of Demand 138
7 Summary
Economic Rationality of Land Grant Policy 142
Building Ahead of Demand 146
Evaluation of the Railroad Land Grants 147
Contents
Appendix A: Investment Expenditure 150
Appendix B: Capital Earnings 178
Appendix C: Net Land Grant Revenue 190
Appendix D: Zero Rent Perimeters 206
Appendix E: Intraregional Benefits 227
Appendix F: Interregional Benefits 233
Appendix G: Passenger Benefits 240
Appendix H: Loan Subsidy Cost 254
Appendix I: Capital Stocks 259
Index
263
|
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| physical | XVI, 268 S. graph. Darst. |
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| spelling | Mercer, Lloyd J. Verfasser aut Railroads and land grant policy a study in government intervention Lloyd J. Mercer New York [u.a.] Acad. Pr. 1982 XVI, 268 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Geschichte Railroad land grants United States History Eisenbahn (DE-588)4014015-5 gnd rswk-swf Landzuweisungspolitik (DE-588)4166691-4 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Eisenbahn (DE-588)4014015-5 s Landzuweisungspolitik (DE-588)4166691-4 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=000027931&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Mercer, Lloyd J. Railroads and land grant policy a study in government intervention Geschichte Railroad land grants United States History Eisenbahn (DE-588)4014015-5 gnd Landzuweisungspolitik (DE-588)4166691-4 gnd |
| subject_GND | (DE-588)4014015-5 (DE-588)4166691-4 (DE-588)4078704-7 |
| title | Railroads and land grant policy a study in government intervention |
| title_auth | Railroads and land grant policy a study in government intervention |
| title_exact_search | Railroads and land grant policy a study in government intervention |
| title_full | Railroads and land grant policy a study in government intervention Lloyd J. Mercer |
| title_fullStr | Railroads and land grant policy a study in government intervention Lloyd J. Mercer |
| title_full_unstemmed | Railroads and land grant policy a study in government intervention Lloyd J. Mercer |
| title_short | Railroads and land grant policy |
| title_sort | railroads and land grant policy a study in government intervention |
| title_sub | a study in government intervention |
| topic | Geschichte Railroad land grants United States History Eisenbahn (DE-588)4014015-5 gnd Landzuweisungspolitik (DE-588)4166691-4 gnd |
| topic_facet | Geschichte Railroad land grants United States History Eisenbahn Landzuweisungspolitik USA |
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