Abstract
<span>The Motor Carrier Act of 1980 was supposed to make the U.S. motor carrier industry more economically efficient, largely by stimulating market entry. That entry would presumably depress industry earnings and returns to motor carriers equities. While we find a deregulated industry that offers easy entry to new competitors, incumbent firms do not exhibit lower stockholder returns as new firms go public. When profits are examined, however, returns on total capital and profit margins tend to decline for both incumbent and entrant firms. The increased risk and lower returns, documented by pre-deregulation studies give way to a competitive and stable post deregulation industry.</span>
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
