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Modelling public and private provision: The case of the railway services

Author

Listed:
  • Medda, Francesca
  • Pels, Eric

Abstract

Railway provision is often characterized by the intervention of either the public or private sector as network and/or infrastructure operator. In this paper we aim to develop a model of passenger railway provision where we assume that the public operator suffers a relative inefficiency. In relation to the public, private and the participation of both in the railway provision, we identify in the model different efficiency†based decision rules. The decision rules establish in which configuration welfare is maximized and bring to light the relative inefficiency of the public sector. The results give insight into how a reliable threat of private intervention can be used to maximize social welfare.

Suggested Citation

Handle: RePEc:eee:paresc:v:91:y:2012:i:3:p:645-657
DOI: 10.1111/j.1435-5957.2012.00448.x
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Keywords

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JEL classification:

  • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
  • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
  • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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