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Rail Privatisation: The Economic Theory

Shires, J.D., Preston, J.M., Nash, C.A. and Wardman, M. (1994) Rail Privatisation: The Economic Theory. Discussion Paper. Institute of Transport Studies, University of Leeds , Leeds, UK.

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The purpose of this paper is to examine the relevance of economic theory to the rail privatisation proposals contained in the Railways Act 1993. After a review of the latest rail privatisation literature four major themes emerged:

(1) Contestability and Barriers to Entry.

(2) Franchising.

(3) Vertical Integration.

(4) Horizontal Integration.

Following a short review of the rail privatisation proposals the paper presents each theme in the context of the proposals. In conclusion, we highlight a number of future issues which will require monitoring and research in the future. In particular, we identify a number of hypotheses, put forward by both those in favour and against the Government's proposals, that should be tested.

Item Type: Monograph (Discussion Paper)
Copyright, Publisher and Additional Information: Copyright of the Institute of Transport Studies, University Of Leeds.
Institution: The University of Leeds
Academic Units: The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds)
Depositing User: Adrian May
Date Deposited: 13 Apr 2007
Last Modified: 08 Feb 2013 17:03
Published Version: http://www.its.leeds.ac.uk/
Status: Published
Publisher: Institute of Transport Studies, University of Leeds
Identification Number: Working Paper 419
URI: http://eprints.whiterose.ac.uk/id/eprint/2159

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