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L’opérateur de transport public à Bruxelles (STIB) et la Région de Bruxelles-Capitale :25 ans de vie commune

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  • Christophe Goethals

Abstract

Since 1989 and the regionalization of public transports in Belgium, the Société des transports intercommunaux de Bruxelles (STIB), i.e. the public operator of urban transport in Brussels, has undergone many changes, both structural and organizational. Meanwhile, the company has managed to improve its financial health in accordance with the objectives set by the regulatory transport authority, the Region of Brussels-Capital. The analysis of the system of actors shows that, in a principal-agent relationship characterized by high information asymmetry, the convergence of interests between the supervisory authority and the public company is neither natural nor automatic: it is built. This construction takes place at several levels and materializes incrementally, particularly through the management contract. In this regulatory system, the process organizing the dialogue between the company and the authority produces the desired beneficial effects, more than the legal value of the contract does. The interdependence between the actions of the Region and those of the STIB implies practices that can be described as a partnership. Finally, the analysis shows that the contractualization is not inconsistent with an evolution of the roles of each actor.

Suggested Citation

  • Christophe Goethals, 2014. "L’opérateur de transport public à Bruxelles (STIB) et la Région de Bruxelles-Capitale :25 ans de vie commune," Working Papers CEB 14-019, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:sol:wpaper:2013/174732
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    References listed on IDEAS

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    1. Aurélie Coppe & Axel Gautier, 2004. "Régulation et concurrence dans le transport collectif urbain," Reflets et perspectives de la vie économique, De Boeck Université, vol. 0(4), pages 65-75.
    2. Christophe GOETHALS, 2014. "Relation entre l’opérateur de transport public à Bruxelles (STIB) et l’autorité organisatrice : entre asymétrie et coopération," CIRIEC Working Papers 1406, CIRIEC - Université de Liège.
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    Cited by:

    1. Massimo Florio, 2016. "Per una comparative political economy dell?impresa pubblica: alcuni contributi recenti (2013-2015)," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2016(2), pages 5-41.

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    More about this item

    Keywords

    agency theory; asymmetric information; public enterprise; public policies; urban transport; regulatory reform; governance; system of actors; performance measurement;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • D20 - Microeconomics - - Production and Organizations - - - General
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

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