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Recent changes in the global rail industry: facing the challenge of increased flexibility

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  • Cantos, Pedro
  • Campos, Javier

Abstract

This paper discusses how the current trend towards increased private participation in the rail industry is reshaping the way in which Governments should address the main regulatory challenges arising from the particular economic and technical characteristics of this industry. We review the role of railroads in the last two decades and examine the characteristics of the most relevant processes of private participation around the world. The lessons learned from these changes suggest that many of the traditional regulatory paradigms in this industry are being replaced by more flexible schemes of public intervention. Although this change does not fully preclude direct participation by the Government, it seems that the traditional monopolistic rail company is dead as the dominant model around the world, and new forms, such as franchises or concessions competing on the tracks are progressively gaining relevance.

Suggested Citation

  • Cantos, Pedro & Campos, Javier, 2005. "Recent changes in the global rail industry: facing the challenge of increased flexibility," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 29, pages 1-21.
    • Handle: RePEc:sot:journl:y:2005:i:29:p:1-21
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    File URL: http://hdl.handle.net/10077/5863
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    References listed on IDEAS

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    1. Gathon, H. -J. & Pestieau, P., 1995. "Decomposing efficiency into its managerial and its regulatory components: The case of European railways," European Journal of Operational Research, Elsevier, vol. 80(3), pages 500-507, February.
    2. José Carbajo & Antonio Estache, 1996. "Railway Concessions : Heading Down the Right Track in Argentina," World Bank Publications - Reports 11612, The World Bank Group.
    3. Baumol, William J, 1977. "On the Proper Cost Tests for Natural Monopoly in a Multiproduct Industry," American Economic Review, American Economic Association, vol. 67(5), pages 809-822, December.
    4. Osama J. A. R. Abu Shair, 1997. "Privatization and Development," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-25374-6.
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    Cited by:

    1. Thomas Ehrmann & Karl-Hans Hartwig & Torsten Marner & Hendrik Schmale, 2009. "Specific Investments and Ownership Structures in Railways – An Experimental Analysis," Working Papers 12, Institute of Transport Economics, University of Muenster.
    2. Gangwar, Rachna & Raghuram, G., 2010. "Container Train Operators in India: Problems and Prospects," IIMA Working Papers WP2010-09-01, Indian Institute of Management Ahmedabad, Research and Publication Department.

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