Studies in History Economics and Public Law (Classic Reprint)

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9781330123607: Studies in History Economics and Public Law (Classic Reprint)

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The purpose of the following study is to present the general theory involved in what is understood by railway commissioners as the cost-of-service principle in rate regulation. This principle is quite different from that which has been advanced frequently under that name. The earlier cost theories were that the rates should closely follow the cost of each particular service; a practice which has resulted in unfortunate rigidity of rates wherever tried. The theory of the present-day commissioners avoids this rigidity by paying considerable attention to the complementary principle of value in the adjustment of particular rates, while basing the system of rates as a whole, in so far as possible, on the total cost to the railways. The object is to reduce the rates as a system to the level of cost by means of governmental regulation, just as it is asserted is done in other fields of enterprise by the forces of competition, the particular rates within the system, meanwhile, being allowed a flexibility that would be impossible if cost alone controlled the situation. The scope of the present study has not allowed a discussion of particular problems of rate regulation; the general theory alone has been presented, and with it a discussion of the more obvious reasons for its adoption and the difficulties which it encounters.

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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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Book Description Forgotten Books, United States, 2015. Paperback. Book Condition: New. Language: English . Brand New Book ***** Print on Demand *****. Excerpt from Studies in History Economics and Public Law The purpose of the following study is to present the general theory involved in what is understood by railway commissioners as the cost-of-service principle in rate regulation. This principle is quite different from that which has been advanced frequently under that name. The earlier cost theories were that the rates should closely follow the cost of each particular service; a practice which has resulted in unfortunate rigidity of rates wherever tried. The theory of the present-day commissioners avoids this rigidity by paying considerable attention to the complementary principle of value in the adjustment of particular rates, while basing the system of rates as a whole, in so far as possible, on the total cost to the railways. The object is to reduce the rates as a system to the level of cost by means of governmental regulation, just as it is asserted is done in other fields of enterprise by the forces of competition, the particular rates within the system, meanwhile, being allowed a flexibility that would be impossible if cost alone controlled the situation. The scope of the present study has not allowed a discussion of particular problems of rate regulation; the general theory alone has been presented, and with it a discussion of the more obvious reasons for its adoption and the difficulties which it encounters. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. Bookseller Inventory # AAV9781330123607

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Book Description Forgotten Books. Paperback. Book Condition: New. This item is printed on demand. Paperback. 228 pages. Dimensions: 9.0in. x 6.0in. x 0.5in.Excerpt from Studies in History Economics and Public LawThe purpose of the following study is to present the general theory involved in what is understood by railway commissioners as the cost-of-service principle in rate regulation. This principle is quite different from that which has been advanced frequently under that name. The earlier cost theories were that the rates should closely follow the cost of each particular service; a practice which has resulted in unfortunate rigidity of rates wherever tried. The theory of the present-day commissioners avoids this rigidity by paying considerable attention to the complementary principle of value in the adjustment of particular rates, while basing the system of rates as a whole, in so far as possible, on the total cost to the railways. The object is to reduce the rates as a system to the level of cost by means of governmental regulation, just as it is asserted is done in other fields of enterprise by the forces of competition, the particular rates within the system, meanwhile, being allowed a flexibility that would be impossible if cost alone controlled the situation. The scope of the present study has not allowed a discussion of particular problems of rate regulation; the general theory alone has been presented, and with it a discussion of the more obvious reasons for its adoption and the difficulties which it encounters. About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www. forgottenbooks. comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This item ships from La Vergne,TN. Paperback. Bookseller Inventory # 9781330123607

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Book Description Forgotten Books, United States, 2015. Paperback. Book Condition: New. Language: English . Brand New Book ***** Print on Demand *****.Excerpt from Studies in History Economics and Public Law The purpose of the following study is to present the general theory involved in what is understood by railway commissioners as the cost-of-service principle in rate regulation. This principle is quite different from that which has been advanced frequently under that name. The earlier cost theories were that the rates should closely follow the cost of each particular service; a practice which has resulted in unfortunate rigidity of rates wherever tried. The theory of the present-day commissioners avoids this rigidity by paying considerable attention to the complementary principle of value in the adjustment of particular rates, while basing the system of rates as a whole, in so far as possible, on the total cost to the railways. The object is to reduce the rates as a system to the level of cost by means of governmental regulation, just as it is asserted is done in other fields of enterprise by the forces of competition, the particular rates within the system, meanwhile, being allowed a flexibility that would be impossible if cost alone controlled the situation. The scope of the present study has not allowed a discussion of particular problems of rate regulation; the general theory alone has been presented, and with it a discussion of the more obvious reasons for its adoption and the difficulties which it encounters. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. Bookseller Inventory # AAV9781330123607

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Book Description Forgotten Books, 2015. Book Condition: New. This item is printed on demand for shipment within 3 working days. Bookseller Inventory # LP9781330123607

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Book Description Forgotten Books, United States, 2015. Paperback. Book Condition: New. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. Excerpt from Studies in History Economics and Public Law The purpose of the following study is to present the general theory involved in what is understood by railway commissioners as the cost-of-service principle in rate regulation. This principle is quite different from that which has been advanced frequently under that name. The earlier cost theories were that the rates should closely follow the cost of each particular service; a practice which has resulted in unfortunate rigidity of rates wherever tried. The theory of the present-day commissioners avoids this rigidity by paying considerable attention to the complementary principle of value in the adjustment of particular rates, while basing the system of rates as a whole, in so far as possible, on the total cost to the railways. The object is to reduce the rates as a system to the level of cost by means of governmental regulation, just as it is asserted is done in other fields of enterprise by the forces of competition, the particular rates within the system, meanwhile, being allowed a flexibility that would be impossible if cost alone controlled the situation. The scope of the present study has not allowed a discussion of particular problems of rate regulation; the general theory alone has been presented, and with it a discussion of the more obvious reasons for its adoption and the difficulties which it encounters. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. Bookseller Inventory # LIE9781330123607

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