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The competitive spirit re-awakens the ghost of railway monopoly

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  • Shaw, Jon
  • Charlton, Clive
  • Gibb, Richard

Abstract

The 1921 and 1993 Railways Acts were both designed to increase the quality and efficiency of railway services through major industry restructuring. Aside from the fact that the 1921 legislation did not concern itself with privatisation (the rail industry already operated in private hands in the early 1920s), the two Acts appear strikingly dissimilar at first glance because of the very different policies, and their associated ideologies, adopted by each to accomplish its aims. Whilst the 1921 Act sought to eliminate competition from the passenger railway industry and promote monopoly, its 1993 counterpart was formulated to achieve precisely the opposite. However, this paper challenges the existence of a gulf between the two pieces of legislation. We argue that the 1993 Railways Act, far from liberalising the passenger rail market, has created a trading environment which shares key characteristics with that established in the 1920s. This paper therefore explores the conflicting methods and the policy outcomes of the 1921 and 1993 Railways Acts.

Suggested Citation

  • Shaw, Jon & Charlton, Clive & Gibb, Richard, 1998. "The competitive spirit re-awakens the ghost of railway monopoly," Transport Policy, Elsevier, vol. 5(1), pages 37-49, January.
    • Handle: RePEc:eee:trapol:v:5:y:1998:i:1:p:37-49
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    1. -, 1995. "Trade liberalization in the Western Hemisphere," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1389 edited by Idb, July.
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