The privatization of passenger rail services in Great Britain: an evaluation of competition for the market and competition in the market
The privatization of passenger rail services in Great Britain: an evaluation of competition for the market and competition in the market
The background to the research reported here is the reorganization and privatization of passenger rail services in Great Britain. This process, enacted by the 1993 Railway Act, made provision for competition in the supply of passenger rail services by fostering competition for the market through a process of franchising, and competition in the market by allowing for the possibility of on-track competition. The attempt to couple both forms of competition is novel and complex, and warrants investigation. In this paper we provide a background to the privatization process and report on the results of models that we have developed to predict and assess the outcome of off-track and on-track competition. On the basis we highlight the principal gains and losses brought about as a result of the regulatory changes and make some suggestions of how rail privatization could be improved.
583-596
Whelan, G.
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Wardman, M.
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Nash, C.
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Preston, J.
ef81c42e-c896-4768-92d1-052662037f0b
1999
Whelan, G.
7bcf83db-96dc-4b9d-9b93-3a32d7c59656
Wardman, M.
dac1c559-253b-4595-bbb2-659a28e0a6ac
Nash, C.
a1514527-fba9-4b34-a1cc-960fe7194958
Preston, J.
ef81c42e-c896-4768-92d1-052662037f0b
Whelan, G., Wardman, M., Nash, C. and Preston, J.
(1999)
The privatization of passenger rail services in Great Britain: an evaluation of competition for the market and competition in the market.
In,
World Transport Research Volume 4.
Amsterdam, NL.
Pergamon Press, .
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Book Section
Abstract
The background to the research reported here is the reorganization and privatization of passenger rail services in Great Britain. This process, enacted by the 1993 Railway Act, made provision for competition in the supply of passenger rail services by fostering competition for the market through a process of franchising, and competition in the market by allowing for the possibility of on-track competition. The attempt to couple both forms of competition is novel and complex, and warrants investigation. In this paper we provide a background to the privatization process and report on the results of models that we have developed to predict and assess the outcome of off-track and on-track competition. On the basis we highlight the principal gains and losses brought about as a result of the regulatory changes and make some suggestions of how rail privatization could be improved.
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Published date: 1999
Organisations:
Transportation Group
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Local EPrints ID: 403309
URI: http://eprints.soton.ac.uk/id/eprint/403309
PURE UUID: 695f07a6-fdbf-47df-86a5-c7b93182e1ae
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Date deposited: 02 Dec 2016 16:14
Last modified: 12 Apr 2024 01:40
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Author:
G. Whelan
Author:
M. Wardman
Author:
C. Nash
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