Impact of Railroad Contracts on Grain Bids to Farmers
分析1980年《斯塔格斯铁路法》放松管制后，铁路合同对玉米、小麦和大豆农民收到的谷物出价的影响，发现目的地合同显著影响玉米和大豆价格，而起点合同显著影响小麦价格。
Abstract The deregulation of railroads by the Staggers Rail Act of 1980 reversed nearly a century of prohibition of contracts between railroads shippers/receivers. This paper presents an analysis of the impact that railroad contracts have on grain bids to corn, wheat, and soybean farmers. The empirical results indicate that destination contracts had significant impacts on prices bid to corn and soybean farmers, while origin contracts had significant and large impacts on prices bid to wheat farmers.