Creating Competition in the Railway Industry

ISBN-13: 9783836411950 / Angielski / Miękka / 2007 / 96 str.

Sebastian Arendt

Opis

Throughout the world, the rail industry historically has been one of the mostextensively regulated of all industrial sectors. In the past three decadeshowever, policymakers and economists have become increasingly critical oftraditional regulation of the rail industry and it is generally accepted that inmarkets where transportation carriers seek to meet demand, there is habituallyeffective competition. Today, facilitating competition in the railroadtransport industry is frequently seen as beneficial. Introducing competitionenhances efficiency and innovation in the competitive rail activities, enhancesthe range and variety of products available to consumers, and focuses theregulatory interventions on the core of the underlying network marketproblems. This book examines the underlying policies and tools to promotecompetition in the railroad market. Two of these tools, vertical separationand the enforcement of intramodal competition, are examined in moredetails. This book aims at decision makers faced with the regulation ofrailroad industry and people interested in the actual and future setting ofrailroad competition all over the world.