The Hunter Valley access undertaking: Elements of a negotiated settlement
AbstractIs Australian transport regulation ready for negotiated access undertakings? On 29 June 2011 the Australian Competition and Consumer Commission (ACCC) accepted an access undertaking from Australian Rail Track Corporation (ARTC) in relation to the Hunter Valley rail network. The ACCC encouraged ARTC and its users (principally coal producers) to discuss and negotiate the detail of the undertaking. At the final stage the parties were able to resolve their differences and put an agreed undertaking to the ACCC. Compared to the undertaking that the ACCC would likely otherwise have accepted, this agreement was for a shorter term and embodied other provisions preferred by the users, in return for a higher rate of return requested by ARTC. The paper discusses the nature and lessons of this experience.
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Bibliographic InfoArticle provided by Elsevier in its journal Transport Policy.
Volume (Year): 24 (2012)
Issue (Month): C ()
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Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/30473/description#description
Other versions of this item:
- Bordignon, S. & Littlechild, S., 2012. "The Hunter Valley Access Undertaking: elements of a negotiated settlement," Cambridge Working Papers in Economics 1218, Faculty of Economics, University of Cambridge.
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
- L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General
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