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Books > Business & Economics > Industry & industrial studies > Civil service & public sector
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Competition in the Railway Industry - An International Comparative Analysis (Hardcover, illustrated edition)
Loot Price: R2,987
Discovery Miles 29 870
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Competition in the Railway Industry - An International Comparative Analysis (Hardcover, illustrated edition)
Series: Transport Economics, Management and Policy series
Expected to ship within 10 - 15 working days
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Numerous countries have attempted to improve the performance of
their railways by introducing more competition, but there is fierce
debate and no consensus on how this is best achieved. This book
reveals how railways were an obvious target for reform because they
were often losing traffic and money, and because the government was
typically deeply involved as either owner or regulator. This book
summarizes and assesses the evidence from the experiences of rail
reform in Europe, Latin America, and the United States. In short,
the book reveals that no one approach has proven to be best across
a wide variety of circumstances. It highlights how unbundling
(separating infrastructure from train operations so that
independent train operators could compete over common tracks)
although attractive in theory, has so far proved complex to
implement and delivered only some of the promised benefits.
Privatization and deregulation have had more demonstrated success
in the freight systems of North and South America, but are still
largely untested in the more complex railway networks of Europe.
The evidence is arguably slightly stronger for privatization and
deregulation than for unbundling, but the jury is still out.
Competition in the Railway Industry is invaluable in that it
compares the strategies and experiences of different countries in
introducing competition in railways, rather than simply focusing on
one country and its approach. As such, it will appeal greatly to
those in industry and government interested in railway policy and
performance, and privatization and deregulation of utilities more
generally. It will also appeal to academics and researchers of
public sector, transport and industrial organization.
General
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