Recent changes in the global rail industry: facing the challenge of increased flexibility
AbstractThis paper discusses how the current trend towards increased private participation in the rail industry is reshaping the way in which Governments should address the main regulatory challenges arising from the particular economic and technical characteristics of this industry. We review the role of railroads in the last two decades and examine the characteristics of the most relevant processes of private participation around the world. The lessons learned from these changes suggest that many of the traditional regulatory paradigms in this industry are being replaced by more flexible schemes of public intervention. Although this change does not fully preclude direct participation by the Government, it seems that the traditional monopolistic rail company is dead as the dominant model around the world, and new forms, such as franchises or concessions competing on the tracks are progressively gaining relevance.
Download InfoIf 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.
Bibliographic InfoArticle provided by ISTIEE, Institute for the Study of Transport within the European Economic Integration in its journal European Transport / Trasporti Europei.
Volume (Year): (2005)
Issue (Month): 29 ()
Contact details of provider:
More information through EDIRC
Railways; Restructuring; Regulation; Privatization;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Thomas Ehrmann & Karl-Hans Hartwig & Torsten Marner & Hendrik Schmale, 2009. "Specific Investments and Ownership Structures in Railways – An Experimental Analysis," Working Papers 12, Institute of Transport Economics, University of Muenster.
- Gangwar, Rachna & Raghuram, G., . "Container Train Operators in India: Problems and Prospects," IIMA Working Papers WP2010-09-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Romeo Danielis).
If references are entirely missing, you can add them using this form.