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Competition in the Rail Industry

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  • Bradshaw, W P

Abstract

The privatization of the railways in Britain is almost complete. The article describes the method of privatization, where a vertically integrated state-owned monopoly has been broken up into a monopoly track company, three monopolistic owners of passenger rolling-stock, 25 franchised passenger train operating companies, a freight operating company, and large numbers of suppliers of services. The author explains the potential for competition within this complex structure, in an industry which has been steadily losing its share of the transport market for some 70 years. Attention is drawn to the absence of any clear criteria for continued public subsidy and to the tensions which exist between the Regulator and other players in the industry. Copyright 1997 by Oxford University Press.

Suggested Citation

  • Bradshaw, W P, 1997. "Competition in the Rail Industry," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 13(1), pages 93-103, Spring.
    • Handle: RePEc:oup:oxford:v:13:y:1997:i:1:p:93-103
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    Cited by:

    1. Carmen A. Li & John Stittle, 2014. "Privatisation and Franchising of British Train Operations," Australian Accounting Review, CPA Australia, vol. 24(1), pages 53-65, March.
    2. Anne Yvrande, 2000. "The New British Railways Structure A Transaction Cost Economics Analysis," DRUID Working Papers 00-5, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    3. Russell Pittman, 2003. "Vertical Restructuring (or Not) of the Infrastructure Sectors of Transition Economies," Journal of Industry, Competition and Trade, Springer, vol. 3(1), pages 5-26, March.
    4. McCartney, Sean & Stittle, John, 2012. "‘Engines of Extravagance’: The privatised British railway rolling stock industry," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 23(2), pages 153-167.
    5. Fainboim Yaker, Israel & Rodríguez, Carlos Jorge & Benavides, Juan & Alonso, Julio César, 2001. "Participación Privada en Proyectos de Infraestructura y Determinantes de los Esquemas Contractuales Adoptados: El Caso Colombiano," IDB Publications (Working Papers) 2115, Inter-American Development Bank.

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