A review of passenger rail franchising in Britain: 1996/1997–2006/2007
A review of passenger rail franchising in Britain: 1996/1997–2006/2007
This paper reviews 10 years of passenger rail franchising in Great Britain and highlights problems in three areas: the tension between commercial and social objectives; the presence of risks and uncertainty; and vulnerability to strategic behaviour such as low-balling, chiselling and back loading. It concludes that franchising has had some good features (such as the high level of competitive pressure) but also some bad features (such as a high rate of franchise failures). In addition, an ugly feature of franchising is the scope for strategic behaviour. Further reform is suggested based on a distinction between commercial and social franchises.
71-77
Preston, John
ef81c42e-c896-4768-92d1-052662037f0b
26 September 2008
Preston, John
ef81c42e-c896-4768-92d1-052662037f0b
Preston, John
(2008)
A review of passenger rail franchising in Britain: 1996/1997–2006/2007.
Research in Transportation Economics, 22 (1), .
(doi:10.1016/j.retrec.2008.05.022).
Abstract
This paper reviews 10 years of passenger rail franchising in Great Britain and highlights problems in three areas: the tension between commercial and social objectives; the presence of risks and uncertainty; and vulnerability to strategic behaviour such as low-balling, chiselling and back loading. It concludes that franchising has had some good features (such as the high level of competitive pressure) but also some bad features (such as a high rate of franchise failures). In addition, an ugly feature of franchising is the scope for strategic behaviour. Further reform is suggested based on a distinction between commercial and social franchises.
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Published date: 26 September 2008
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Local EPrints ID: 74150
URI: http://eprints.soton.ac.uk/id/eprint/74150
ISSN: 0739-8859
PURE UUID: 81b1c32b-f683-4f68-9736-4d86042c1f8d
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Date deposited: 11 Mar 2010
Last modified: 14 Mar 2024 02:51
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