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.
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.
(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.
|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|
|Publisher:||Institute of Transport Studies, University of Leeds|
|Identification Number:||Working Paper 419|