A Cost and Benefit Evaluation of Surface Transport Regulation: Appendix I

by Council on Wage and Price Stability on January 13, 1977
by Council on Wage and Price Stability

Total deregulation of the surface transport industry would not necessarily solve current transportation problems, nor would it necessarily produce an optimal allocation of resources. From a social policy perspective, deregulation would have detrimental impacts on the public welfare. In fact, this study shows that the total level of ICC annual benefits could well double that estimated, since several ICC benefits have not been quantified at this time. Total elimination of the ICC would likely result in the loss of billions of dollars annually in the form of resultant adverse impacts on shippers, the economy, the industry, and the public in general. These conclusions were reached as a result of this study.

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