Competition policy and railway investment: Project summary
This project sought to examine the impacts of National Competition Policy (NCP) on investment in Australian general freight and passenger railways, and more generally to assess the rationale underlying NCP and related economic reforms applied to Australian railways. It does not appear that NCP and...
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| Format: | Working Paper |
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Transport Economics Forum
2007
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| Online Access: | http://www.patrec.org/publication_docs/27_projsum.pdf http://hdl.handle.net/20.500.11937/46513 |
| _version_ | 1848757579370463232 |
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| author | Wills-Johnson, Nick |
| author_facet | Wills-Johnson, Nick |
| author_sort | Wills-Johnson, Nick |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This project sought to examine the impacts of National Competition Policy (NCP) on investment in Australian general freight and passenger railways, and more generally to assess the rationale underlying NCP and related economic reforms applied to Australian railways. It does not appear that NCP and related reforms have yet had a negative impact on investment. Indeed, vertical separation may have improved investment, at least that being sourced from the public sector. However, there are some intrinsic issues associated with the application of economic regulation which could in the future retard investment, and with the predominantly public sector origin of much of recent investment. In particular, the case for economic reform seems to be weakly made: there are few rents of the type economic regulation can moderate in the logistics chains served by rail in Australia, and there seems only limited scope for sustainable competition in the above-rail task. |
| first_indexed | 2025-11-14T09:30:20Z |
| format | Working Paper |
| id | curtin-20.500.11937-46513 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:30:20Z |
| publishDate | 2007 |
| publisher | Transport Economics Forum |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-465132017-01-30T15:27:41Z Competition policy and railway investment: Project summary Wills-Johnson, Nick competition policy railway investment This project sought to examine the impacts of National Competition Policy (NCP) on investment in Australian general freight and passenger railways, and more generally to assess the rationale underlying NCP and related economic reforms applied to Australian railways. It does not appear that NCP and related reforms have yet had a negative impact on investment. Indeed, vertical separation may have improved investment, at least that being sourced from the public sector. However, there are some intrinsic issues associated with the application of economic regulation which could in the future retard investment, and with the predominantly public sector origin of much of recent investment. In particular, the case for economic reform seems to be weakly made: there are few rents of the type economic regulation can moderate in the logistics chains served by rail in Australia, and there seems only limited scope for sustainable competition in the above-rail task. 2007 Working Paper http://hdl.handle.net/20.500.11937/46513 http://www.patrec.org/publication_docs/27_projsum.pdf Transport Economics Forum restricted |
| spellingShingle | competition policy railway investment Wills-Johnson, Nick Competition policy and railway investment: Project summary |
| title | Competition policy and railway investment: Project summary |
| title_full | Competition policy and railway investment: Project summary |
| title_fullStr | Competition policy and railway investment: Project summary |
| title_full_unstemmed | Competition policy and railway investment: Project summary |
| title_short | Competition policy and railway investment: Project summary |
| title_sort | competition policy and railway investment: project summary |
| topic | competition policy railway investment |
| url | http://www.patrec.org/publication_docs/27_projsum.pdf http://hdl.handle.net/20.500.11937/46513 |