THE PRIVATISATION OF PASSENGER RAIL SERVICES IN GREAT BRITAIN: AN EVALUATION OF COMPETITION FOR THE MARKET AND COMPETITION IN THE MARKET

The background to the research reported here is the reorganisation and privatisation of passenger rail services in Great Britain. This process, enacted by the 1993 Railways Act, made provision for competition in the supply of passenger rail services by fostering competition for the market through a process of franchising, and competition in the market by allowing for the possibiity of on-track competition. The attempt to couple both forms of competition is novel and complex, and warrants investigation. In this paper the authors provide a background to the privatisation process and report on the results of models that they have developed to predict and assess the outcome of off-track and on-track competition. On this basis, they highlight the principal gains and losses brought about as a result of the regulatory changes and make some suggestions of how rail privatisation could be improved. (A) For the covering abstract see ITRD E105186.

Language

  • English

Media Info

  • Features: References;
  • Pagination: p. 583-96

Subject/Index Terms

Filing Info

  • Accession Number: 00796557
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • ISBN: 0-08-043590-4
  • Files: ITRD, ATRI
  • Created Date: Aug 2 2000 12:00AM