‘Engines of Extravagance’: The privatised British railway rolling stock industry

Sean McCartney and John Stittle

CRITICAL PERSPECTIVES ON ACCOUNTING, 2012, vol. 23, issue 2, 153-167

Abstract: The privatisation of Britain's railways involved not only the transfer to private ownership but also the break-up of a previously integrated industry. Under the government's plan the railway's passenger rolling stock was sold to three rolling stock companies (or ‘ROSCOs’).

Keywords: Railways; Leasing; Privatisation; Transaction Cost Economics (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:crpeac:v:23:y:2012:i:2:p:153-167

DOI: 10.1016/j.cpa.2011.10.001

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