The wheels keep on turning: Is the end of rail franchising in Britain in sight?

John Preston

Research in Transportation Economics, 2018, vol. 69, issue C, 187-196

Abstract: The regime of passenger rail franchising in Britain has been in place for over 20 years. The developments have been reported at past Thredbo Conferences, including by the author in 2007 and 2015. The franchising regime has been remarkably resilient and has been through at least five phases. Using the concept of regulatory cycles, this paper reviews the prospects for a sixth and possibly final phase.

Keywords: Rail; Franchising; Contract; Incentives (search for similar items in EconPapers)
JEL-codes: L51 L92 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:retrec:v:69:y:2018:i:c:p:187-196

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DOI: 10.1016/j.retrec.2018.04.005

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