On the Wrong Track? An Analysis of the Suitability of Contracting Out for Rail Track Maintenance
AbstractThis article critically evaluates the arguments advanced to support the extension of competitive tendering (otherwise known as contracting-out) to rail track maintenance within the corporatised NSW rail industry. It is argued that the economic characteristics of track maintenance are such that focusing on short-term cost minimisation may lead to reduced efficiency from a whole-of-government and economy wide perspective. Issues of equity are also considered, particularly in relation to increases in unemployment in regional areas. It is concluded that the adoption of a wider perspective, and a wider definition of efficiency than short-term cost minimisation, substantially reduces the desirability of contracting out.!! 2 downloads: http://www.eap-journal.com.au/download.php?file=359 and http://www.eap-journal.com.au/download.php?file=360
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Bibliographic InfoArticle provided by Queensland University of Technology (QUT), School of Economics and Finance in its journal Economic Analysis and Policy (EAP).
Volume (Year): 29 (1999)
Issue (Month): 2 (September)
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Postal: GPO Box 2434, BRISBANE QLD 4001
Web page: http://www.journals.elsevier.com/economic-analysis-and-policy/
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Contracting Out; Rail;
Find related papers by JEL classification:
- L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
- L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
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