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The wheels keep on turning: Is the end of rail franchising in Britain in sight?

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  • Preston, John

Abstract

The regime of passenger rail franchising in Britain has been in place for over 20 years. The developments have been reported at past Thredbo Conferences, including by the author in 2007 and 2015. The franchising regime has been remarkably resilient and has been through at least five phases. Using the concept of regulatory cycles, this paper reviews the prospects for a sixth and possibly final phase.

Suggested Citation

  • Preston, John, 2018. "The wheels keep on turning: Is the end of rail franchising in Britain in sight?," Research in Transportation Economics, Elsevier, vol. 69(C), pages 187-196.
    • Handle: RePEc:eee:retrec:v:69:y:2018:i:c:p:187-196
    DOI: 10.1016/j.retrec.2018.04.005
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    References listed on IDEAS

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    Cited by:

    1. Preston, John & Bickel, Charles, 2020. "And the beat goes on. The continued trials and tribulations of passenger rail franchising in Great Britain," Research in Transportation Economics, Elsevier, vol. 83(C).
    2. Preston, John, 2023. "All things must pass? Recent changes to competition and ownership in public transport in Great Britain," Research in Transportation Economics, Elsevier, vol. 99(C).

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    More about this item

    Keywords

    Rail; Franchising; Contract; Incentives;
    All these keywords.

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation

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