Open access for railways and transaction cost economics – Management perspectives of Australia's rail companies

Rico Merkert and David Hensher

Research in Transportation Economics, 2014, vol. 48, issue C, 227-236

Abstract: With the aim to improve efficiency and value for money, in addition to tendered services the European Commission approach to rail organisation allows substantial open access rail services in both passenger and freight operations. This paper investigates, from a transaction cost perspective, whether the European approach is applicable to the Australian context, and more generally to all regions and types of operation. A key focus of this paper is on vertically integrated railways owned by mining companies who are increasingly encouraged to provide open access to their competitors. In addition to the policy perspective, our discussion also includes the views of senior rail managers.

Keywords: Railways; Open access; Competition; Train operation/rail infrastructure interface; Supply chain integration (search for similar items in EconPapers)
JEL-codes: L14 L51 L92 R48 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:retrec:v:48:y:2014:i:c:p:227-236

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DOI: 10.1016/j.retrec.2014.09.048

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