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This report examines the form regulation should take in rail freight markets to promote efficiency in railways and the wider economy.
The Round Table looks at how the European railway landscape is being reshaped. In doing so, it presents lessons which stand to benefit transport policy throughout Europe.
Now that railway infrastructure and train operations have been separated in Europe -- at least for accounting purposes -- user charges for infrastructure are progressively being introduced to cover the costs of running trains. However, because of ...
Given that there are still many unclear concepts, mutual contradictions and imperfections in methodologies used in the field of track access charging, this book acts as a communication tool for researchers, and discusses these charges with regard to rail freight competitiveness. It addresses four main topics: namely, the technical features of freight transportation and the costs incurred; the impact of incoherence and volatility of freight traffic volume; the market response to the track access charge level; and the influence of transport policy and state subsidies. The text will appeal to infrastructure managers around the world, especially those in networks where there is an intention either to facilitate the shift of freight to railways or to develop rail freight corridors. It illustrates that there are significant differences in the causation of costs on passenger and freight railways, and raises important questions that must be considered when communicating with consumers and the state.
This book will, for the first time, offer a comprehensive analysis of the legal duties which apply to the regulators of privatized industries, transport, civil aviation and independent television in the United Kingdom, with detailed accounts of how these duties have been put into practice bythe regulators. There is an assessment of the philosophy behind these principles, and an account of the principles which can be derived from the law of the European Union, which are relevant to regulators' work. Particular emphasis is placed on the interaction of the encouragement of competition,the encouragement of economic efficiency and the implementation of social goals such as the provision of universal public service, and the way in which these various principles interact.
David Gabel and David F. Weiman The chapters in this volwne address the related problems of regulating and pricing access in network industries. Interconnection between network suppliers raises the important policy questions of how to sustain competition and realize economic efficiency. To foster rivalry in any industry, suppliers must have access to customers. But unlike in other sectors, the very organization of network industries creates major impediments to potential entrants trying to carve out a niche in the market. In traditional sectors such as gas, electric, rail, and telephone services, these barriers take the form of the large private and social costs necessary to duplicate the physical infrastructure of pipelines, wires, or tracks. Few firms can afford to finance such an undertaking, because the level of sunk costs and the very large scale economies make it extremely risky. In other newer sectors, entrants face less tangible but no less pressing constraints. In the microcomputer industry, for example, high switching costs can prevent users from experimenting with alternative, but perhaps more efficient hardware platforms or operating systems. Although gateway technologies can reduce these barriers, the installed base of an incumbent can create powerful bandwagon effects that reinforce its advantage (such as the greater availability of compatible peripherals and software applications). In the era of electronic banking, entrants into the automated teller machine· (A TM) and credit card markets face a similar problem of establishing a ubiquitous presence.
The governments of several countries are in the process of reforming their regulatory regimes for the railways, and there is much debate about the appropriate regulation of transport in general and railways in particular—especially in light of environmental concerns about traffic congestion and air pollution and economic concerns about the financing of infrastructure and services. This volume investigates how Britain and Germany regulated their railways at three different points in time over the past century: after the First World War, after the Second World War, and in the 1990s. Its central focus is the design of regulatory regimes and the impact of institutional factors on the selection of design ideas and on processes of isomorphism. By placing a comparative analysis of regulatory design in a historical context and an institutional framework, the author contributes to the current debate on the emergence of the regulatory state in the late 20th century.
The privatisation of the British railway industry was a unique political and economic event. An integrated industry was broken-up into numerous component parts and sold off to private sector interests. The result was a highly fragmented industry that was structurally unsound and operationally dysfunctional. This authoritative volume presents an enlightening portrait of an industry that is less efficient, more costly and still more dependent on state subsidy today than its nationalised predecessor. The nine chapters in this work present a comprehensive and rigorous evaluation of how and why the industry has become so dysfunctional and costly, supported by detailed financial analysis and industry examples. Seven chapters comprise a series of peer-reviewed academic papers by Professor McCartney and Dr Stittle and published in leading international journals over the period 2004–2017 which analyse selected key segments of the privatised industry: where appropriate, updates are provided at the end of these chapters outlining developments since initial publication relevant to the analysis therein. Two chapters are published here for the first time: Chapter 7 reviews the performance of the freight sector, while Chapter 1 ‘bookends’ the volume by providing first, an account of how rail privatisation was conceived and implemented in the 1980s/90s, and then reviews the impact of the pandemic and the proposals of the Williams-Shapps White Paper of 2021 which, if enacted, will effectively end the Major government’s experiment. Going far beyond the usual superficial analysis of the topic, this volume will be of significant interest to researchers and advanced students of accounting, economics, business history, transport studies, as well as industry and specialised business interests in transport and privatisation.