Advanced Search
MyIDEAS: Login

Roads: a utility in need of a strategy

Contents:

Author Info

  • Stephen Glaister
  • John W. Smith
Registered author(s):

    Abstract

    British roads are under-supplied and irrationally priced. Estimates of the rate of economic return to investment are high. There is no mechanism for consumer protection and current attempts to record and publish the level of service are inadequate. This will persist until there is fundamental reform of the governance and--possibly--ownership of the major road network. The paper argues that the UK regulated utility model offers valuable insights. Other candidates are discussed for reform of corporate governance, accountability, charging, and funding. A reformed charging regime designed to deal with road congestion and other externalities would also help with the carbon emission problem. The paper discusses the division between: central government; new bodies to 'own' and regulate the assets; and local authorities. Even in the absence of direct user charging in the short term, there is a case for change to enhance the accountability of the national roads infrastructure provider to its customers. Copyright 2009, Oxford University Press.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://hdl.handle.net/10.1093/oxrep/grp028
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Oxford University Press in its journal Oxford Review of Economic Policy.

    Volume (Year): 25 (2009)
    Issue (Month): 3 (Autumn)
    Pages: 368-390

    as in new window
    Handle: RePEc:oup:oxford:v:25:y:2009:i:3:p:368-390

    Contact details of provider:
    Web page: http://oxrep.oupjournals.org/

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:oup:oxford:v:25:y:2009:i:3:p:368-390. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.