Creating a National Champion: International Competition and Unbundling in Rail Transportation

Steffen Juranek

No 2015/18, Discussion Papers from Norwegian School of Economics, Department of Business and Management Science

Abstract: This article investigates the incentives to unbundle operations and infrastructure in the railway industry in a two-country model with international network effects from the viewpoint of national governments. The analysis shows that the decision to unbundle institutionally or organizationally with separated accounts depends crucially on the importance of cross-border transportation. For a sufficiently high importance of cross-border transportation, national governments choose accounting separation. However, national governments are stuck in a Prisoners' dilemma and would be better off coordinating on a separated industry structure. This result justifies major policy initiatives by the European Union but explains also actions of national governments in implementing these initiatives.

Keywords: Bundling; vertical integration; international competition; railway; regulation; cross-border transport (search for similar items in EconPapers)
JEL-codes: F53 L50 L92 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2015-04-10
New Economics Papers: this item is included in nep-com, nep-reg and nep-tre
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Journal Article: Creating a National Champion: International Competition and Unbundling in Rail Transportation (2016)
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