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42 Transp. L.J. 153 (2015)
Existing Railroad Oversight and Proposed Policy Change: An Application of Results-Based Regulation

handle is hein.journals/tportl42 and id is 166 raw text is: 







Article


       Existing   Railroad Oversight and Proposed Policy
              Change: An Application of Results-Based
                                                      Regulation













                                                      Mark L. Burton*



    I. Introduction..     ................................... 154
    II. Background      ..................................... 156
  III. Current Rail Industry Governance  from a RBR
       Perspective     ...................................... 161
  IV.  NAS   Findings and a Results-based Scorecard for Rail
       Governance       ..................................... 166
       A.  Congressional Objective 1: Efficiency ...............  167
       B.  Congressional Objective 2: Competition and Railroad
           Rates ....     ................................... 172
       C.  Congressional Objective 3: Service Adequacy and
           Availability    .................................. 177
       D.  Congressional Objective 4: Financial Stability,
           Investment, and Infrastructure .................... 181
       E.  Congressional Objective 5: Safety and Environmental
           Outcomes      ................................... 184

    * The author is grateful to a variety of reviewers, particularly members of the American
Economic Association's Transportation and Public Utility Group, and also for the thoughtful
comments of Professors John Mayo and Wesley Wilson. Principal funding in support of this
effort was provided by the University.


153

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