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- Title
THE THEORY OF RAILWAY RATES ONCE MORE.
- Authors
Taussig, F. W.
- Abstract
The article discusses the theory of railway rates in the United States. For very long periods, perhaps indefinitely, a plant may not be continuously workable to full capacity for the main commodity at service among several which it is capable of yielding. In the first place, the peak-load element remains important for railways and this particularly when one draws conclusions from the fact of extensions of plant capacity. Double track has replaced single track over a very considerable mileage, even third and fourth tracks have been added on some stretches of dense traffic. Sidings have been increased in number and lengthened, terminal yards and structures amplified. This plain fact of steady enlargement of plant may be adduced to prove that there is no such thing, in the long run, as unused capacity. Accountants and economists have wrestled repeatedly with the problem, endeavoring to allocate the overhead and general expenses in such way as to make it possible to count up with exactness the total expense of individual items or even of large classes.
- Subjects
UNITED States; GOVERNMENT ownership of railroads; PLANT capacity; RAILROAD tracks; PEAK load pricing (Public utilities); INDUSTRIAL capacity
- Publication
Quarterly Journal of Economics, 1933, Vol 47, Issue 2, p337
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1883691