Railroads and land grant policy ; a study in government intervention [electronic resource] / Lloyd J. Mercer.
Railroads and Land Grant Policy: A Study in Government Intervention attempts to replace a major part of the railroad land grant legend (according to which the granting of federal and state land to private railroad firms benefitted these firms more than it contributed to society as a whole) with some...
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Full Text (via ScienceDirect) |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
New York :
Academic Press,
©1982.
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| Subjects: |
MARC
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| 100 | 1 | |a Mercer, Lloyd J. |0 http://id.loc.gov/authorities/names/n81099318 |1 http://isni.org/isni/0000000081915288. | |
| 245 | 1 | 0 | |a Railroads and land grant policy ; a study in government intervention |h [electronic resource] / |c Lloyd J. Mercer. |
| 260 | |a New York : |b Academic Press, |c ©1982. | ||
| 300 | |a 1 online resource (xvi, 268 pages) : |b illustrations. | ||
| 336 | |a text |b txt |2 rdacontent. | ||
| 337 | |a computer |b c |2 rdamedia. | ||
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| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a Front Cover; Railroads and Land Grant Policy: A Study in Government Intervention; Copyright Page; Table of Contents; List of Figures; List of Tables; Preface; Chapter 1. Introduction; Land Grants: Government Intervention in the Market; Subsidy, Profitability, and Railroad Investment; The Railroad Land Grants; Historiography of the Railroad Land Grants; Objectives of the Study; Chapter 2. Economic Issues in Railroad Land Grant Policy; Building Ahead of Demand; External Economies from Railroad Operation; Railroads as Natural Monopolies; Capital Market Imperfections. | |
| 505 | 8 | |a Hypotheses of the Land Grant AdvocatesRailroad Land Grants and the Distribution of Income; Summary; Chapter 3. Building the Land Grant Railroads; The Central Pacific System; The Union Pacific System; The Texas and Pacific System; The Atchison, Topeka and Santa Fe System; The Northern Pacific System; The Great Northern Railway System; The Canadian Pacific System; Summary; Chapter 4. Private Rates of Return; Subsidy Unnecessary; Subsidy Necessary but Inadequate; Subsidy Necessary and Adequate; Summary; Chapter 5. Social Rates of Return; Intraregional Benefits; Interregional Benefits. | |
| 505 | 8 | |a Passenger BenefitsThe Social Returns Stream; Tests of Hypotheses Bl and B2; Chapter 6. Building Ahead of Demand; Test of the Fishlow Hypothesis for the Land Grant Systems; Estimation of Investment Demand; Capacity Utilization; The Overbuilding Hypothesis; Building Ahead of Demand; Chapter 7. Summary; Economic Rationality of Land Grant Policy; Building Ahead of Demand; Evaluation of the Railroad Land Grants; Appendix A: Investment Expenditure; Appendix B: Capital Earnings; Appendix C: Net Land Grant Revenue; Appendix D: Zero Rent Perimeters; Appendix E: Intraregional Benefits. | |
| 505 | 8 | |a Appendix F: Interregional BenefitsAppendix G: Passenger Benefits; Appendix H: Loan Subsidy Cost; Appendix I: Capital Stocks; Index. | |
| 520 | |a Railroads and Land Grant Policy: A Study in Government Intervention attempts to replace a major part of the railroad land grant legend (according to which the granting of federal and state land to private railroad firms benefitted these firms more than it contributed to society as a whole) with some real numbers and analysis. An attempt is made to put the income and wealth distribution impact of the railroad land grants in perspective, but thorough analysis of this issue is not undertaken. The primary question this study does try to illuminate is that of the effect of the railroad land grants. | ||
| 546 | |a English. | ||
| 588 | 0 | |a Print version record. | |
| 650 | 0 | |a Railroad land grants |z United States |x History. | |
| 650 | 7 | |a Railroad land grants. |2 fast |0 (OCoLC)fst01088617. | |
| 651 | 7 | |a United States. |2 fast |0 (OCoLC)fst01204155. | |
| 655 | 7 | |a History. |2 fast |0 (OCoLC)fst01411628. | |
| 776 | 0 | 8 | |i Print version: |a Mercer, Lloyd J. |t Railroads and land grant policy ; a study in government intervention. |d New York : Academic Press, ©1982 |w (DLC) 82006708 |w (OCoLC)8389566. |
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