Railroad Valuation by the Interstate Commerce Commission (Classic Reprint) - Softcover

Inhaltsangabe

Understanding how railroad value is measured and why it matters

This nonfiction work explains how the Interstate Commerce Commission framed the idea of a fair return on railroad property and how value is determined for rate setting. It examines the Transportation Act of 1920 and the ongoing process of valuing railroad property, combining legal context with practical methods for calculating value, costs, and earnings.

The book presents the key debates over how value should be defined, how to handle uniform rates, and how different systems might earn a fair return. It traces the shift from early doctrines to the modern framework that guides policy and regulation, making the topic accessible to readers new to economic regulation and to specialists seeking historical perspective.

• Learn how “aggregate value” versus “fair value” influences rate decisions
• See how the Act directs the Commission to consider multiple elements of value
• Understand the process of valuation, including how data is gathered and analyzed
• Explore the roles of courts, commissions, and carriers in shaping policy

Ideal for readers of economic policy, transportation history, and regulatory law who want a clear view of how value, cost, and fair return are measured in the railroad industry.

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