Economics at your fingertips  

The HSR competition in Italy: How are the regulatory design and practices concerned?

Christian Desmaris () and Fabio Croccolo

Research in Transportation Economics, 2018, vol. 69, issue C, 290-299

Abstract: Italy is nowadays the only European country to have organized a head-on competition on its whole high speed railway (HSR) network. This paper discusses the issues of this new market structure for the Italian Rail Regulator, both in terms of regulatory design and economic regulation practices. Such HSR competition and regulation took place in a very specific and ambivalent context (including declining Italian railway demand, negative European macroeconomic environment), together with a new ambitious and innovating private competitor (NTV) and strong reactions from the incumbent (Trenitalia). The Italian Rail Regulator's interventions look like more or less a set of everyday life decisions and empirical trade-off than a duly achieved economic doctrine and policy. The level of access charges seems to be a strategic variable to enlarge the scope for profitable entry in Italy. However, this new context still does not answer the question whether HSR operators reach their economic equilibrium in open access competition.

Keywords: Rail market; Regulation; High-speed; Open access; Competition; Italy (search for similar items in EconPapers)
JEL-codes: R48 L92 L51 L13 L43 R38 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The HSR competition in Italy: How are the regulatory design and practices concerned? (2018) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
https://shop.elsevie ... _01_ooc_2&version=01

DOI: 10.1016/j.retrec.2018.05.004

Access Statistics for this article

Research in Transportation Economics is currently edited by M. Dresner

More articles in Research in Transportation Economics from Elsevier
Bibliographic data for series maintained by Haili He ().

Page updated 2020-05-22
Handle: RePEc:eee:retrec:v:69:y:2018:i:c:p:290-299