publication . Article . 1990

Railroads and Competition: The Santa Fe/Southern Pacific Merger Proposal

Russell W. Pittman;
Open Access
  • Published: 01 Sep 1990 Journal: The Journal of Industrial Economics, volume 39, page 25 (issn: 0022-1821, Copyright policy)
  • Publisher: JSTOR
Abstract
In September of 1983, the Santa Fe and Southern Pacific railroads announced their long-rumored, long-negotiated plan to merge. This merger would combine two primarily parallel operations along the southern corridor of southwestern United States. The merger was opposed by the Antitrust Division of the Justice Department and was turned down by the Interstate Commerce Commission. This paper uses the framework provided by the U. S. Department of Justice Merger Guidelines and more recent data to analyze the competitive implications of the merger. The author finds that a serious loss of competition would likely have followed from the merger, resulting in large gross d...
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Subjects
free text keywords: Economics and Econometrics, Accounting, General Business, Management and Accounting, Merger guidelines, Economics, International economics, Welfare, media_common.quotation_subject, media_common, Harm, Merge (version control), Public economics, Commission
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