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RXR Anti Trust Exemptions. Is it a problem?
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[quote]QUOTE: <i>Originally posted by bobwilcox</i> <br /> <br />For an interesting look at things, go to : <br />http://www.aar.org/ViewContent.asp?Content_ID=2786 <br />open the pdf file and scroll down to the first chart. Notice how productivity, rates, revenue and volume are all essentially flat through those "glory days" of regulation. Then in 1981 Staggers was passed. Productivity skyrocketed, volumes went up, rates went and revenue went down (in 1981 dollars). That one chart alone is a ringing endorsement of deregulation. <br />[/quote] <br /> <br />Considering the source (AAR), a ringing endorsement of partial deregulation is to be expected. If anyone has any evidence of the AAR advertising the not-so-great aspects of partial deregulation, please let us know. <br /> <br />When railroads were regulated, they were given this anti-trust exemption, e.g. there was a trade off of sorts to "balance" out the equation. When Staggers was passed, the anti-trust exemption should have also been lifted. That would have been closer to true deregulation of the railroads, but as it happened the railroads retained anti-trust exemption, so by any measure Staggers was only partial deregulation. The anti-trust exemption is a continuation of regulation, albeit on the shippers rather than the railroads themselves. <br /> <br />Yep, Staggers is a perfect example of railroads "having their cake and eating it too".
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