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Is yardstick competition desirable for western European railways?

Author

Listed:
  • Dominique Bouf

    (LET - Laboratoire d'économie des transports - UL2 - Université Lumière - Lyon 2 - ENTPE - École Nationale des Travaux Publics de l'État - CNRS - Centre National de la Recherche Scientifique)

  • Pierre-Yves Péguy

    (LET - Laboratoire d'économie des transports - UL2 - Université Lumière - Lyon 2 - ENTPE - École Nationale des Travaux Publics de l'État - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper addresses the question of yardstick competition and Demsetz competition for western European railways. To that end it is necessary to compare the performance of various railways. Thus, in the first part of the paper we show that it is, to a certain extent, possible to take into account the various dimensions of performance with a frontier approach. Horizontal separation of formerly state-owned monopolies might lead to yardstick and Demsetz competition. We are addressing in the second part of the paper some of the major issues raised by competitive tendering in a horizontally separated railways network, namely vertical separation, optimal size, duration of the franchises, the sunk costs and the network externalities. Finally, we conclude that it is possible to compare the performance of different railways companies and that horizontal separation enable yardstick competition and Demsetz competition, even if some problems remain to be solved especially for the "core" of the systems.

Suggested Citation

  • Dominique Bouf & Pierre-Yves Péguy, 2001. "Is yardstick competition desirable for western European railways?," Post-Print halshs-00112183, HAL.
    • Handle: RePEc:hal:journl:halshs-00112183
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    Cited by:

    1. Christian Desmaris & Guillaume Monchambert, 2021. "Regional Passenger Rail Efficiency: Measurement and Explanation in the case of France," Working Papers halshs-03118747, HAL.
    2. William Roy, 2004. "Technical Efficiency and Contractual Incentives: the Case of Urban Public Transport in France," Post-Print halshs-00095304, HAL.
    3. Christian Desmaris & Guillaume Monchambert, 2021. "Regional Passenger Rail Efficiency: Measurement and Explanation in the case of France," Post-Print halshs-03118747, HAL.

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