The HSR competition in Italy: How are the regulatory design and practices concerned?

Christian Desmaris () and Fabio Croccolo
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Fabio Croccolo: Dirigente Generale - Ufficio per la regolazione dei Servizi Ferroviari - Ministero delle Infrastrutture e Trasporti

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Abstract: Italy is nowadays the only European country to have organized a head-on competition on its whole high speed railway (HSR) network. This paper discusses the issues of this new market structure for the Italian Rail Regulator, both in terms of regulatory design and economic regulation practices. Such HSR competition and regulation took place in a very specific and ambivalent context (including declining Italian railway demand, negative European macroeconomic environment), together with a new ambitious and innovating private competitor (NTV) and strong reactions from the incumbent (Trenitalia). The Italian Rail Regulator's interventions look like more or less a set of everyday life decisions and empirical trade-off than a duly achieved economic doctrine and policy. The level of access charges seems to be a strategic variable to enlarge the scope for profitable entry in Italy. However, this new context still does not answer the question whether HSR operators reach their economic equilibrium in open access competition.

Keywords: Regulation; High-speed; Open access; Competition; Italy; Rail market (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-com, nep-reg and nep-tre
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01825881v1
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Citations: View citations in EconPapers (9)

Published in Research in Transportation Economics, 2018, 69, pp.290-299. ⟨10.1016/j.retrec.2018.05.004⟩

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Journal Article: The HSR competition in Italy: How are the regulatory design and practices concerned? (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01825881

DOI: 10.1016/j.retrec.2018.05.004

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