Quelle stratégie politique y a-t-il derrière la création d'un fonds d'intervention pour les grandes lignes ferroviaires déficitaires ?
What political strategy is behind the intervention fund set up for main loss making railroad lines?. - This paper offers an analysis of the political strategy and financial consequences related to the intervention fund set up, as mentioned by the Secretary for Transport, to subsidise main loss-making railroad lines. After discussing the financing of the SNCF's main line business, we show that setting up such a fund is not necessarily beneficial – on the long run – to the operator: that fund reduces efficiency incentives if it is not supported by a contract with the lawmaker, and constitutes a further step towards a potential opening up to competition.
|Date of creation:||2003|
|Date of revision:|
|Publication status:||Published in Transports, Editions techniques et économiques, 2003, pp. 368-374|
|Note:||View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00088658|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
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