The economic effects of surface transport deregulation

Abstract

Over the past two decades, the deregulation of surface transport at both national and international levels has gathered momentum, particularly within the United States and European Union. The structural and performance changes associated with transport deregulation generated substantial redistribution of wealth among carriers, labor, . shippers, -and final customers and dramatically altered the costs and organization of transportation services. Many of these consequences were anticipated in the debate over deregulation; others have emerged during the regulatory transition. In general, economic regulation has led to net social benefits. This thesis will discuss the origin of transportation regulation and the forces for regulatory reform. The effects of the removal of economic control are assessed. It also examines the issues emerging after the deregulation and possibility for re-regulation in an effort to enhance safety and reduce the environmental impact of surface transport.