Conveyor belt or competitive market: What is a railway?
The notion that allowing third party access to the natural monopoly, below-rail track and signalling infrastructure might induce competitive entry in above-rail train operations has been a part of European and Australian rail policy since the early 1990s. However, competition has been slow to emerg...
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| Format: | Working Paper |
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Centre for Research in Applied Economics, Curtin Business School
2007
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| Online Access: | http://hdl.handle.net/20.500.11937/29692 |
| Summary: | The notion that allowing third party access to the natural monopoly, below-rail track and signalling infrastructure might induce competitive entry in above-rail train operations has been a part of European and Australian rail policy since the early 1990s. However, competition has been slow to emerge and it is useful to ask why. This paper examines railways from a number of different perspectives in an attempt to understand the limits of what policymakers might expect from a rail access regime. |
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