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Recent changes in the global rail industry: evaluating the new regulatory instruments

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  • Cantos, Pedro
  • Campos, Javier

Abstract

The changes faced by the global rail industry in recent years have brought a redefinition of some of the traditional regulatory instruments available in this sector. This paper, focusing on price and quality regulation, discusses how these instruments have been applied in several countries where private sector participation in railways has been introduced mainly through concession contracts, and where some form of vertical and/or horizontal unbundling has been implemented.

Suggested Citation

  • Cantos, Pedro & Campos, Javier, 2005. "Recent changes in the global rail industry: evaluating the new regulatory instruments," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 29, pages 22-45.
    • Handle: RePEc:sot:journl:y:2005:i:29:p:22-45
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    File URL: http://hdl.handle.net/10077/5864
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    References listed on IDEAS

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    1. Kessides, Ioannis N. & Willig, Robert D., 1995. "Restructuring regulation of the rail industry for the public interest," Policy Research Working Paper Series 1506, The World Bank.
    2. Braeutigam, Ronald R., 1989. "Optimal policies for natural monopolies," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 2, chapter 23, pages 1289-1346, Elsevier.
    3. Mark Armstrong & Simon Cowan & John Vickers, 1994. "Regulatory Reform: Economic Analysis and British Experience," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262510790, December.
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