This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research
Volume Title: Transportation Economics
Volume Author/Editor: Universities-National Bureau Committee for Economic Research
Volume Publisher: NBER
Volume ISBN: 0-87014-308-5
Volume URL: http://www.nber.org/books/univ65-2
Publication Date: 1965
Chapter Title: Front matter to "Transportation Economics"
Chapter Author: Universities-National Bureau Committee for Economic Research
Chapter URL: http://www.nber.org/chapters/c7048
Chapter pages in book: (p. -13 - -8) TransportationEconomics
A CONFERENCEOF THE
UNIVERSITIES-NATIONALBUREAUCOMMITTEE
FOR ECONOMICRESEARCH
— ¶12
I'1
PUBLISHEDBY NationalBureau of EconomicResearch NEW YORK
DISTRIBUTEDBY ColumbiaUniversityPress NEW YORK AND LONDON • 1965 Copyright © 1965, National Bureau of Economic Research, Inc. All Rights Reserved L. C.Card: 65—11221 Printedin the United States of America NATIONAL BUREAU OF ECONOMIC RESEARCH 1965
OFFICERS Frank W. Fetter, Chairman Geoffrey H. Moore, Director of Research Arthur F. Burns, President Hal B. Lary, Associate Director of Research Theodore 0.Yntema, Vice President Victor R. Fuchs, Associate Director of Research DonaldB. Woodward, Treasurer William J. Carson, Executive Director
DIRECTORS AT LARGE Robert B.Anderson,NewYork City H.W.Laidler, League for Industrial Democracy WallaceJ.Campbell, Nationwide Insurance Geoffrey H. Moore, National Bureau of Economic Erwin D.Canham,Christian Science Moniior Research SolomonFabricant, New York University Charles G. Mortimer, General Foods Corporation Marion B. Folsom, Eastman Kodak Company J.WilsonNewman, Dun & Bradsireet, Inc. Crawford H. Greenewalt, E. I. du Pont de NemoursGeorge B. Roberts, Larchniont, New York & Company Harry Scherman, Book-of-the-Month Club Gabriel Hauge,ManufacturersHanover Trust Boris Shishkin, American Federation of Labor and Company Congress of Industrial Organizations A. J.Hayes, InternationalAssociation of Machinists George Soule, South Kent, Connecticut WalterW. Heller, University of Minnesota Gus Tyler, International Ladies' Garment Workers' AlbertJ. Hettinger, Jr., Lazard Frères and Cotnpany Union NicholasKelley, Kelley Drye Newhall Maginnes &Joseph H. Willits, Langhorne, Pennsylvania Warren Donald B. Woodward, A. W. Jones and Company
DIRECTORS BY UNLVERSITY APPOINTMENT V. W. Bladen, Toronto Harold M. Groves, Wisconsin Francis M. Boddy, Minnesota GottfriedHaberler, Harvard ArthurF. Burns, Columbia Maurice W. Lee, NorthCarolina Lester V. Chandler, Princeton Lloyd G. Reynolds, Yale Melvin 0. de Chazeau, Cornell Paul A. Samuelson, Massachusetts Frank W. Fetter, Northwestern Institute of Technology R. A. Gordon, California Theodore W. Schultz, Chicago Willis J. Winn, Pennsylvania
DIRECTORS BYAPPOINTMENT OF OTHER ORGANIZATIONS Percival F.Brundage,American Institute of Murray Shields, American Management Association Certified Public Accountants Willard L. Thorp, American Economic Association Nathaniel GoldfInger, American Federation of LaborW. Allen Wallis, American Statistical Association and Congress of Industrial Organizations Harold F. Williamson, Econo,nic History Association Harold G. Haicrow, American Farm Economic Theodore 0. Yntema, Committee for Economic Association Development
DIRECTORS EMERITI Shepard Morgan, Norfolk, Connecticut N. I. Stone,NewYork City Jacob Viner, Princeton, New Jersey
RESEARCH STAFF Moses Abramovitz H. G.Georgiadis Jacob Mincer Gary S. Becker Raymond W. Goldsmith use Mintz William H. Brown, Jr. Jack M. Guttentag Geoffrey H. Moore Gerhard Bry Challis A. Hall, Jr. Roger F. Murray Arthur F.Burns Daniel M. Holland Ralph L. Nelson Phillip Cagan Thor Hultgren G. Warren Nutter Frank G. Dickinson F. Thomas Juster Richard T. Selden James S. Earley C. Harry Kahn Lawrence H. Seltzer Richard A. Easterlin John W. Kendrick Robert P. Shay Solomon Fabricant Irving B. Kravis George J. Stigler Albert Fishlow Hal B. Lary Norman B. Ture Milton Friedman Robert E. Lipsey Herbert B. Woolley Victor R. Fuchs Ruth P. Mack Victor Zarnowitz UNIVERSITIES-NATIONAL BUREAU COMMITTEE FOR ECONOMIC RESEARCH
This Committee is a cooperative venture of universities and the National Bureau.Its guiding objective is the encouragement of economic research on problems susceptible of objective treatment and of sufficiently broad scope to merit attention by institutions serving a scientific and public interest.
Rendigs Fels, Chairman Carl F. Christ, ViceChairman VanderbiltUniversity TheJohns Hopkins University
Moses Abramovitz, StanfordUniversity Edgar M. Hoover, Universityof Pittsburgh M.A. Adelman, MassachusetisInstitute of HenryA. Latané, UniversityofNorthCarolina Technology H.Gregg Lewis, UniversityofChicago JulesBackman, NewYork University D.C. MacGregor, University of Toronto VLewis Bassie, University of Illinois Sherman J.Maisel,Universityof California, Berkeley EarlF. Beach,McGill University StephenL. McDonald, University of Texas RaymondT. Bowman, Bureauof the Budget John R. Meyer, HarvardUniversity T. M.Brown,Queen's University ChandlerMorse, CornellUniversity KalmanJ. Cohen, CarnegieInstitute of Technology RichardA. Musgrave, PrincetonUniversity JamesS. Earley, Universityof Wisconsin HansNeisser, NewSchool for Social Research RichardA. Easterlin, UniversityofPennsylvania DouglassC. North, UniversityofWashington G.A.Elliott,The TariffBoard,Canada G.Warren Nutter, UniversityofVirginia Solomon Fabricant, National Bureau of Economic RichardRuggles, YaleUniversity Research WalterS. Salant, TheBrookings Institution Karl A. Fox, Iowa State University LouisS here, Indiana University MartinR. Gainsbrugh,National Industrial Con- HaroldM. Somers, Universityof California, Los ference Board A WilliamHaber, University of Michigan JosephJ. Spengler, Duke University Daniel Hamberg, Universityof Buffalo Herbert Stein, Committeefor Economic Development RichardB. H eflebower, North western University George J. Stigler,Universityof Chicago James M. Henderson, University of Minnesota WilliamS. Vickrey, ColumbiaUniversity
RELATIONOF NATIONAL BUREAU DIRECTORS TO PUBLICATIONS REPORTING CONFERENCE PROCEEDINGS
Since the present volume is a record of conference proceedings,.it has been exempted from the rules governing submission of manu- scripts to, and critical review by, the Board of Directors of the National Bureau. It has, however, been reviewed and accepted for publication by the Director of Research.
(Resolutionadopted July 6, 1948, as revised November 21, 1949) Contents
IntroductionJohn R. Meyer
PART ITHE USES AND MEASUREMENT OF COSTS FOR TRANSPORT POLICY
Transport Costs, Pricing, and RegulationMerrill J. Roberts 3 COMMENT James W. McKie, Howard W. Nicholson The Dynamic Interdependence of Transportation Pricing, Trans- portation Costs, and the Rates of Growth or Decline of the Various Modes of TransportationJames R. Nelson 43 COMMENT Howard W. Nicholson
Airline Costs and Managerial EfficiencyRobert J. Gordon 61 COMMENT Charles J. Zwick
The Role of Advertising Costs in the Airline industry 95 Gerald Kraft COMMENT Charles J. Zwick, Walter Y. Oi Transportation Costs and Their Implications: An Empirical Study of Railway Costs in Canada 121 W. J. Stenason and R. A. Bandeen Some Allocational Problems in Highway Finance 139 Robert W. Harbeson COMMENT Peter 0. Steiner, 0. H. Brownlee
PART IIINVESTMENT, INNOVATION, AND TECHNOLOGICAL CHANGE IN TRANSPORT INDUSTRIES
Innovation and Technical Change in the Railroad Industry 169 Edwin Mansfield The Determination of a Fair Return on Investment for Regulated IndustriesM. J. Peck andJ. R. Meyer 199 COMMENT Vernon L. Smith X CONTENTS
PART IllURBAN TRANSPORTATION The Commuting and Residential Decisions of Central Business District Workers John F. Kain 245 COMMENT Britton Harris
Pricing as a Tool in Coordination of Local Transportation 275 William Vickrey COMMENT Harold Barger, Britton Harris, Martin Wohi
The Economics of Transportation Planning in Urban Areas 297 Ti/jo E. Kuhn COMMENT Britton Harris, Reply by Mr. Kuhn
Some Major Aspects of Urban Transport Policy Formation 327 Kent T. Healy COMMENT George Wilson, Thor Hultgren
PART IV ISSUES OF PUBLIC POLICY The Relevance of the Common Carrier Under Modern Economic ConditionsRobert A. Nelson and William R. Greiner 351 COMMENT D. F. Pegrum
The Effects of Entry Control in Surface Transport 381 James C. Nelson Manpower in Operating. Classifications on the Railroads 423 John T. Dunlop COMMENT George Wilson, Thor Hultgren Research and Public Policy Issues: Some Canadian Comparisons439 F. W. Anderson
Index 453