Testing for market power in the U.S. motor carrier industry

1995 ◽  
Vol 10 (5) ◽  
pp. 559-576 ◽  
Author(s):  
William Nebesky ◽  
B. Starr McMullen ◽  
Man-Keung Lee
Keyword(s):  
Market Power ◽  
Motor Carrier ◽  
Motor Carrier Industry ◽  
The U.S

scholarly journals The Process Of Post Regulatory Changes And Industry Development Following Motor Carrier Deregulation: An Intervention And Profitability Study

2011 ◽  
Vol 14 (3) ◽  
pp. 37
Author(s):  
Walter P. Nelly ◽  
Patrick A. Taylor
Keyword(s):  
Market Entry ◽  
New Firms ◽  
Profit Margins ◽  
Motor Carrier ◽  
Motor Carriers ◽  
Regulatory Changes ◽  
Total Capital ◽  
Increased Risk ◽  
Motor Carrier Industry ◽  
The U.S

<span>The Motor Carrier Act of 1980 was supposed to make the U.S. motor carrier industry more economically efficient, largely by stimulating market entry. That entry would presumably depress industry earnings and returns to motor carriers equities. While we find a deregulated industry that offers easy entry to new competitors, incumbent firms do not exhibit lower stockholder returns as new firms go public. When profits are examined, however, returns on total capital and profit margins tend to decline for both incumbent and entrant firms. The increased risk and lower returns, documented by pre-deregulation studies give way to a competitive and stable post deregulation industry.</span>

Estimating bilateral market power of processors and retailers in the U.S. beef industry

Agribusiness ◽  
2018 ◽  
Vol 34 (4) ◽  
pp. 771-792 ◽  
Author(s):  
Chanjin Chung ◽  
Seongjin Park ◽  
Jungmin Lee
Keyword(s):  
Market Power ◽  
Beef Industry ◽  
The U.S

scholarly journals Returns to compensation in trucking: Does safety pay?

2019 ◽  
Vol 30 (2) ◽  
pp. 262-284 ◽  
Author(s):  
Michael R Faulkiner ◽  
Michael H Belzer
Keyword(s):  
Net Present Value ◽  
Retention Rates ◽  
Firm Level ◽  
Data Set ◽  
Motor Carrier ◽  
Level Data ◽  
Motor Carrier Industry ◽  
The Us ◽  
Before And After ◽  
Trucking Companies

Large truck crashes remain a significant problem in the truckload sector of the US motor carrier industry. Employing a unique firm-level data set from a large US truckload motor carrier, we identified two different driver groups hired during two distinct pay regimes. Before-and-after data on wages and safety outcomes created a natural experiment. Higher wages paid to experienced drivers in the new pay regime led to higher driver retention rates. Experienced drivers had lower average crash costs and were more productive during each tenure month. Experienced drivers had a much larger expected discounted net present value when compared with inexperienced drivers. As the previously inexperienced drivers gained additional experience, their crash probabilities and their value began to mirror those of the experienced drivers, demonstrating the value of greater tenure. This research supports ‘safe rates’ public policy because safety pays – for trucking companies, for cargo owners and for society. JEL Codes: J24, J28, J33

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