Franchising Passenger Rail

Antony Dnes

Scottish Journal of Political Economy, 1993, vol. 40, issue 4, 420-33

Abstract: The author examines recent proposals of the U.K. government concerning the franchising of passenger rail services. These are shown to create local monopolies. Subsidy minimization, which is proposed by the government, is shown to be a perverse method of pursuing environmental aspects of rail policy. Chadwick-Demsetz franchising is examined as an alternative franchising scheme. Copyright 1993 by Scottish Economic Society.

Date: 1993
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