The policy debate in Britain
The policy debate in Britain
This paper considers the arguments for and against alternative methods of rail privatization in Great Britain. Economic characteristics of the railway industry are discussed and the reasons why governments intervene in the rail sector are examined. Empirical evidence on economies of scale and the impacts of the methods of organization on the efficiency of the rail industry are examined. The current proposals for organizational and regulatory reform for British Rail are examined in the light of this evidence. The authors conclude that problems identified with all the possible methods of privatization suggest that the government should proceed cautiously on privatization. Access to infrastructure for private operators and franchising of services should be key elements in privatization policy.
226-258
Nash, C
4b9675b2-609d-4fe7-9450-9bd25bca2bc7
Preston, J.
ef81c42e-c896-4768-92d1-052662037f0b
2002
Nash, C
4b9675b2-609d-4fe7-9450-9bd25bca2bc7
Preston, J.
ef81c42e-c896-4768-92d1-052662037f0b
Nash, C and Preston, J.
(2002)
The policy debate in Britain.
In,
Privatisation of Railways: Methods and Obstacles.
Cheltenham, GB.
Edward Elgar Publishing, .
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Book Section
Abstract
This paper considers the arguments for and against alternative methods of rail privatization in Great Britain. Economic characteristics of the railway industry are discussed and the reasons why governments intervene in the rail sector are examined. Empirical evidence on economies of scale and the impacts of the methods of organization on the efficiency of the rail industry are examined. The current proposals for organizational and regulatory reform for British Rail are examined in the light of this evidence. The authors conclude that problems identified with all the possible methods of privatization suggest that the government should proceed cautiously on privatization. Access to infrastructure for private operators and franchising of services should be key elements in privatization policy.
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Published date: 2002
Organisations:
Transportation Group
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Local EPrints ID: 403298
URI: http://eprints.soton.ac.uk/id/eprint/403298
PURE UUID: c8939d8d-1255-4090-9c42-f7be8626a835
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Date deposited: 02 Dec 2016 14:41
Last modified: 16 Mar 2024 03:48
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Author:
C Nash
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