IMPACTS OF REGULATORY AND ORGANISATIONAL REFORMS IN THE EUROPEAN TRANSPORT INDUSTRY

This paper is based on the SORT-IT (Strategic Organisation and Regulation - Inter-urban Transport) project being undertaken by a research consortium as part of the Fourth Framework research programme for DG VII of the Commission of the European Communities. The project is studying the effect of the regulatory framework on the organisation and performance of the European transport system, with particular interest in progress towards a single market in transport and the development of Trans European Networks (TENs). The emphasis is on the long distance inter-urban movement of goods and passengers by the air, rail, road and sea sectors. A review of the Common Transport Policy (CTP) and its implementation in the member states is provided. Using 200 interviews and an extensive literature review, the dominant forms of ownership and competition are assessed for each transport sector and sub sector (infrastructure, operations and ancillary services). Current forms are related to perceptions concerning market and regulatory failures. Reforms in terms of domestic and international privatisation and deregulation are reviewed. The impact of different forms of ownership and competition are assessed using a series of models looking at cost and productivity performance, competition and interoperability. The two main forms of regulatory failure, productive inefficiency and allocative inefficiency, are assessed using a narrow definition of economic efficiency, which excludes externalities. The hypothesis that market failure is more significant for infrastructure provision and that these failures are more acute in some transport sectors than others is tested. The impact of privatisation and deregulation using a wider definition of economic efficiency, which includes external network benefits of interoperability, interconnection and intermodality and the benefits of improvements in safety and the environment, is also assessed. For the covering abstract, see IRRD E101143.

Language

  • English

Media Info

  • Features: References;
  • Pagination: p. 211-26

Subject/Index Terms

Filing Info

  • Accession Number: 00766792
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • ISBN: 0-86050-310-0
  • Files: ITRD
  • Created Date: Aug 2 1999 12:00AM