Estimating Antebellum Passenger Costs: A Hub-and-Spoke Approach |
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Authors: | Matthew Jaremski |
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Affiliation: | Department of Economics , Colgate University |
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Abstract: | Abstract Over 30,000 miles of railroad and 4,000 miles of canals were constructed in the United States between 1815 and 1861. However, the lack of data has prevented the study of this “transportation revolution” for most cities. This article thus enables a closer study of antebellum travel improvements by constructing a hub-and-spoke network that is capable of estimating the cost of passenger travel from New York City and Philadelphia to any U.S. city in 1836, 1850, 1856, 1859, and 1867. The semi-parametric approach provides an accurate cost estimate by using available historical information to determine the travel cost to all other cities. |
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Keywords: | passenger costs transportation network U.S. economic history |
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