The Interstate Commerce Commission’s Staff Analysis of the Costs and Benefits of Surface Transport Regulation

by Council on Wage and Price Stability on January 19, 1977
by Council on Wage and Price Stability

As you know, over the past two years the Council has intervened in numerous proceedings before the Interstate Commerce Commission, urging the Commission to consider the costs and benefits, and thus the potential inflationary impact, of its proposals. On November 23, 1976, the ICC’s Bureau of Economics issued a report entitled, A Cost and Benefit Evaluation of Surface Transport Regulation. We were delighted to see the commission staff take such an effort, and thought, in keeping with our statutory mandate and our program of encouraging agencies to improve their analytical efforts, it would be useful to respond directly to that analysis. Accordingly, the Council’s Assistant Director for Government Operations and Research, James C. Miller III, arranged to have Dr. W. Bruce Allen of the University of Pennsylvania and Dr. Edward B. Hymson of the U. S. Department of Transportation prepare a report on the ICC staff (Bureau) analysis. The attached report, entitled The Interstate Commerce Commission’s Staff Analysis of the Costs and Benefits of Surface Transport Regulation, responds to the Bureau’s analysis.

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