 The competitive spirit re-awakens the ghost of railway monopolyJon Shaw, Clive Charlton and Richard Gibb Transport Policy, 1998, vol. 5, issue 1, 37-49 Abstract: The 1921 and 1993 Railways Acts were both designed to increase the quality and efficiency of railway services through major industry restructuring. Aside from the fact that the 1921 legislation did not concern itself with privatisation (the rail industry already operated in private hands in the early 1920s), the two Acts appear strikingly dissimilar at first glance because of the very different policies, and their associated ideologies, adopted by each to accomplish its aims. Whilst the 1921 Act sought to eliminate competition from the passenger railway industry and promote monopoly, its 1993 counterpart was formulated to achieve precisely the opposite. However, this paper challenges the existence of a gulf between the two pieces of legislation. We argue that the 1993 Railways Act, far from liberalising the passenger rail market, has created a trading environment which shares key characteristics with that established in the 1920s. This paper therefore explores the conflicting methods and the policy outcomes of the 1921 and 1993 Railways Acts. Date: 1998 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:trapol:v:5:y:1998:i:1:p:37-49 Ordering information: This journal article can be ordered from Access Statistics for this article Transport Policy is currently edited by Y. Hayashi More articles in Transport Policy from Elsevier |
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