New PDF release: Competition in the Railway Industry: An International

By Jose A. Gomez-Ibanez, Gines De Rus

ISBN-10: 1845429036

ISBN-13: 9781845429034

ISBN-10: 1847202942

ISBN-13: 9781847202949

Various international locations have tried to enhance the functionality in their railways via introducing extra festival, yet there's fierce debate and no consensus on how this can be top accomplished. This booklet finds how railways have been an seen aim for reform simply because they have been usually wasting site visitors and funds, and as the executive used to be as a rule deeply concerned as both proprietor or regulator. This e-book summarizes and assesses the proof from the studies of rail reform in Europe, Latin the US, and the USA. briefly, the ebook finds that not anyone process has confirmed to be most sensible throughout a large choice of conditions. It highlights how unbundling (separating infrastructure from teach operations in order that autonomous teach operators may compete over universal tracks) even supposing appealing in concept, has to this point proved complicated to enforce and added just some of the promised merits. Privatization and deregulation have had extra verified luck within the freight structures of North and South the US, yet are nonetheless mostly untested within the extra advanced railway networks of Europe. The facts is arguably a bit of superior for privatization and deregulation than for unbundling, however the jury remains to be out. "Competition within the Railway undefined" is priceless in that it compares the ideas and reviews of other international locations in introducing festival in railways, instead of easily concentrating on one state and its process. As such, it's going to attraction vastly to these in and govt attracted to railway coverage and function, and privatization and deregulation of utilities extra as a rule. it is going to additionally attract lecturers and researchers of public zone, delivery and business association.

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Additional resources for Competition in the Railway Industry: An International Comparative Analysis (Transport Economics, Management, and Policy)

Example text

Freight is the main concern in Mexico, as there is very little passenger service. Mexico divided its national railway into three main freight railways, 16 An overview of the options two to the north of Mexico City and one to the south. The three railroad networks were carefully designed so that all three railroads serve Mexico City, each railroad serves a major port on the Pacific and the Caribbean, two railroads each serve the major industrial cities of Monterrey and Guadalajara, while each northern railroad connects with a different US railroad at the border.

A number of econometric studies of the period before the recent major reforms have established that railways with greater autonomy from government and lower subsidies were the most productive and had the lowest costs (Oum and Yu, 1994; Cantos, Pastor and Serrano, 1999; Gathon and Pestieau, 1995; Cantos and Maudos, 2000). However, a word of caution is in order since the direction of causation may be different from that usually assumed. While subsidies are often thought to encourage inefficiency, for example, it is also possible that already inefficient railways required high subsidies to survive.

Its initial policy was to seek a smaller number of longer franchises – of the order of 20 years – in return for participation in special purpose vehicles with banks and construction companies to undertake major enhancement of the rail network. This strategy fell apart after the Hatfield accident and the major increase in rail infrastructure costs. It was no longer affordable, and it was also doubtful whether the situation in which the infrastructure company was delivering a very poor standard of service and the whole future strategy of the industry was unclear was the right time to be letting long franchises.

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Competition in the Railway Industry: An International Comparative Analysis (Transport Economics, Management, and Policy) by Jose A. Gomez-Ibanez, Gines De Rus


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