Advanced Search
MyIDEAS: Login to save this paper or follow this series

Appraising transport investments in a regulatory regime

Contents:

Author Info

  • Roger Vickerman

    ()
    (Centre for European, Regional and Transport Economics, University of Kent, UK)

Abstract

The traditional approach to transport investment appraisal assumed that such investments were taking place in a world where transport users were operating under perfect competition. There has been considerable work in recent years improving the methods for the economic and financial appraisal of transport investments where this assumption does not hold and thus there are wider economic benefits. This paper examines the situation where the market for transport provision operates under a regulatory regime. The impact of regulation has tended to focus on the price and output decision rather than the investment decision. In this paper we look in more detail at the implications for appraisal. This develops further the issues which arise in the appraisal of investments by public-private partnerships where essentially different objectives may be used by the private and public sectors, for example differential consideration of the wider economic benefits arising from the investment. The paper discusses the theoretical issues involved in different forms of regulatory regime and examines the experience with investments in regulated transport markets in the UK and in the case of appraising Trans-European Networks to provide some empirical evidence and the implications for the development of appraisal.

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://www.cni.tu-berlin.de/fileadmin/documents/RePEc/cni/working_paper/vickerman_2006_appraising-transport-investments-in-a-regulatory-regime-cni_wp_no_2006-12.pdf
Our checks indicate that this address may not be valid because: 403 Forbidden. If this is indeed the case, please notify (Fabian Kirsch)
Download Restriction: no

Bibliographic Info

Paper provided by Center for Network Industries and Infrastructure (CNI) in its series Working Papers with number 2006-12.

as in new window
Length: 11 pages
Date of creation: 2006
Date of revision:
Handle: RePEc:cni:wpaper:2006-12

Contact details of provider:
Postal: Secretariat H 33, Strasse des 17. Juni 135, D-10623 Berlin
Phone: ++49 / (0)30 / 314 - 25 048
Fax: ++49 / (0)30 / 314 - 26 934
Email:
Web page: http://www.cni.tu-berlin.de
More information through EDIRC

Related research

Keywords: Transport investment appraisal; regulation; wider economic benefits; public-private partnerships;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

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:cni:wpaper:2006-12. 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: (Fabian Kirsch) The email address of this maintainer does not seem to be valid anymore. Please ask Fabian Kirsch to update the entry or send us the correct address.

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.