Mizutani, F, Smith, ASJ orcid.org/0000-0003-3668-5593, Nash, CA et al. (1 more author) (2015) Comparing the costs of vertical separation, integration, and intermediate organisational structures in European and East Asian railways. Journal of Transport Economics and Policy, 49 (3). ISSN 0022-5258
Abstract
There is a major policy debate within Europe and more widely on how to structure railway systems to enhance competition, whilst minimising costs. This is the first study in the academic literature to examine, using econometric methods, the cost impacts of three different approaches to structuring railway systems: vertical separation, vertical integration and the intermediate holding company model. Our analysis is based on a panel of European and East Asian railways (1994-2010). We find that the optimal railway structure depends on the intensity and type of traffic running on the network. Our research suggests that, at least on cost grounds, countries should be free to choose between vertical integration, the holding company model or vertical separation.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2014, University of Bath, School of Management. 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) > ITS: Economics and Discrete Choice (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 17 Feb 2015 15:07 |
Last Modified: | 26 Nov 2020 16:59 |
Published Version: | https://www.jstor.org/stable/jtranseconpoli.49.3.0... |
Status: | Published |
Publisher: | University of Bath, School of Management |
Refereed: | Yes |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:82986 |