Smith, ASJ, Benedetto, V and Nash, C (2018) The Impact of Economic Regulation on the Efficiency of European Railway Systems. Journal of Transport Economics and Policy, 52 (2). pp. 113-136. ISSN 0022-5258
Abstract
In recent years, European railway regulation has been subject to major reform, with the powers, independence, and responsibilities of rail regulators across Europe strengthened considerably. We study the impact of these reforms on the efficiency levels of a panel of 17 European railways (2002–10). The novelty lies in the incorporation of a multi-dimensional rail regulation index — capturing the complexity of regulatory powers and activities — into an econometric framework alongside other reform variables. Our results suggest that the cost-reducing benefits of regulatory reform depend on the degree of (actual or desired) market openness, vertical structure, and the intensity of network usage.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2018 The University of Bath. This is an author produced version of a paper published in Journal of Transport, Economics and Policy. Uploaded with permission from the publisher. |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 02 Jan 2018 15:53 |
Last Modified: | 01 Aug 2018 00:40 |
Published Version: | http://www.ingentaconnect.com/contentone/lse/jtep/... |
Status: | Published |
Publisher: | University of Bath |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:125498 |