Rail regulation

Andrew Smith and Chris Nash

A chapter in Elgar Encyclopedia of Transport and Society, 2025, pp 314-315 from Edward Elgar Publishing

Abstract: This entry sets out the rationale for rail regulation and summarises its application internationally. Public and private interest motives for regulation are discussed, and the importance of regulatory independence from firms and government is highlighted; this being especially important in Europe, where regulatory decisions on market entry impact the financial position of the state-owned incumbent. Geographically, Europe currently sees the greatest rail regulatory activity with a model of vertical separation combined with independent regulation. However, the literature suggests there is no one-size-fits-all model of rail reform, with careful consideration needed to the unique features of each country.

Keywords: Rail; Regulation; Competition; Privatisation; Reforms; Deregulation (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035330515
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