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Options for Restructuring the State-Owned Monopoly Railway

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  • Pittman, Russell

Abstract

Vertical separation in the freight railways sector may sacrifice significant economies of integration. Economies of density suggest that corresponding benefits may be elusive. We examine competitive alternatives to vertical separation. One option is the creation of competition among restructured vertically integrated railways, an option generally limited to relatively large countries absent willingness to create multinational railway networks. Second is the opening of the infrastructure of the integrated railway to access by train operating companies. Rarely are the benefits of separation of train from track likely to be so great as to outweigh the losses from the vertical separation itself.

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  • Pittman, Russell, 2007. "Options for Restructuring the State-Owned Monopoly Railway," Research in Transportation Economics, Elsevier, vol. 20(1), pages 179-198, January.
    • Handle: RePEc:eee:retrec:v:20:y:2007:i:1:p:179-198
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    15. Guido Friebel & Sergei Guriev & Russell Pittman & Elizaveta Shevyakhova & Anna Tomová, 2006. "Railroad Restructuring in Russia and Central and Eastern Europe: One Solution for All Problems?," Transport Reviews, Taylor & Francis Journals, vol. 27(3), pages 251-271, August.
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    1. José A. Gómez-Ibáñez, 2016. "Open Access to Infrastructure Networks: The Experience of Railroads," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 49(2), pages 311-345, September.
    2. Russell Pittman, 2009. "Competition Issues in Restructuring Ports and Railways, Including Brief Consideration of these Sectors in India," EAG Discussions Papers 200906, Department of Justice, Antitrust Division.
    3. R. Pittman, 2009. "Railway Mergers and Railway Alliances: Competition Issues and Lessons for Other Network Industries," Competition and Regulation in Network Industries, Intersentia, vol. 10(3), pages 259-279, September.
    4. Abbott, Malcolm & Cohen, Bruce, 2016. "The privatization and de-privatization of rail industry assets in Australia and New Zealand," Utilities Policy, Elsevier, vol. 41(C), pages 48-56.
    5. Russell Pittman, 2012. "The Proposed Merger of AT&T and T-Mobile: Are There Unexhausted Scale Economies in U.S. Mobile Telephony?," EAG Discussions Papers 201202, Department of Justice, Antitrust Division.
    6. Beria, Paolo & Quinet, Emile & de Rus, Gines & Schulz, Carola, 2012. "A comparison of rail liberalisation levels across four European countries," Research in Transportation Economics, Elsevier, vol. 36(1), pages 110-120.
    7. Nakamura, Eri & Sakai, Hiroki, 2020. "Does vertical integration facilitate coordination between infrastructure management and train operating units in the rail sector? Implications for Japanese railways," Utilities Policy, Elsevier, vol. 66(C).
    8. Nash, Chris A. & Smith, Andrew S.J. & van de Velde, Didier & Mizutani, Fumitoshi & Uranishi, Shuji, 2014. "Structural reforms in the railways: Incentive misalignment and cost implications," Research in Transportation Economics, Elsevier, vol. 48(C), pages 16-23.
    9. Waters II, William G., 2007. "Evolution of Railroad Economics," Research in Transportation Economics, Elsevier, vol. 20(1), pages 11-67, January.
    10. Li, Hongchang & Yu, Kemei & Wang, Kun & Zhang, Anming, 2019. "Market power and its determinants in the Chinese railway industry," Transportation Research Part A: Policy and Practice, Elsevier, vol. 120(C), pages 261-276.
    11. Pittman, Russell, 2016. "Reforming and Restructuring Ukrzaliznytsia: A Crucial Task for Ukrainian Reformers," MPRA Paper 76028, University Library of Munich, Germany.
    12. Yan Li & Russell Pitman, 2012. "The proposed merger of AT & T and T-mobile: Are there unexhausted scale economies in US mobile telephony?," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2012-07, Centre for Competition Policy, University of East Anglia, Norwich, UK..
    13. Pittman Russell, 2020. "On the Economics of Restructuring World Railways, with a Focus on Russia," Man and the Economy, De Gruyter, vol. 7(2), pages 1-25, December.

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