Synopsis
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 Excerpt: ...of the public, on one hand, and the railroads, on the other, converge upon the schedule of rates as a whole. The former is an aspect of the problem of industrial opportunity and the competitive organization of society. The second involves the problem of the railway as a monopoly. The importance of these problems necessitates a consideration of the theory of ratemaking. B. 207, 208. C. 1. Why do all railway problems converge in the question of rate-making? 2. Of what economic importance is the complicated technique of rate-making? 3. What part has competition in the making of particular rates? of schedules as a whole? 4. What is the correct theory of the particular rate? of the schedule as a whole? 5. Make a careful appraisal of the rate theory of the Interstate Commerce Commission. D. 1. Can the problem of the proper regulation of schedules of rates, as distinct from particular rates, be adequately dealt with so long as authority over rates is divided between the federal and the state governments? so long as the groups of railroads over which as units shipments are carried remain independent corporations? 2. Is the principle of "charging what, the traffic will bear" adequate for particular rates? for schedules? Is the principle of costs adequate for particular rates? for schedules? 3. "The schedule of rates should be drawn in such a way as to result in such goods being carried, in such quantities, and for such distances as will yield the maximum of social utility." Explain in detail how, on this principle, a schedule of rates is to be established? 4. Quite recently the Interstate Commerce Commission has been called upon to pass upon increases in whole schedules of rates. Compare the problem involved in such a decision with that presented...
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