Creating a National Champion: International Competition and Unbundling in Rail Transportation
Steffen Juranek ()
Journal of Transport Economics and Policy, 2016, vol. 50, issue 1, 56-75
This article investigates the incentives to unbundle operations and infrastructure in the railway industry in a two-country model from the viewpoint of national governments. The analysis shows that the decision to unbundle institutionally or organisationally with separated accounts depends crucially on the importance of cross-border transportation. If cross-border transportation is sufficiently important, national governments choose accounting separation. However, for low-efficiency gains within a bundled firm, national governments are stuck in a Prisoner's Dilemma and would be better off coordinating on institutional separation. This result justifies major policy initiatives of the European Union and explains the behaviour of national governments. © 2016 LSE and the University of Bath
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://www.catchword.com/cgi-bin/cgi?ini=bc&body=l ... 20160101)50:1L.56;1- (text/html)
Access to full text is restricted to subscribers.
Working Paper: Creating a National Champion: International Competition and Unbundling in Rail Transportation (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:tpe:jtecpo:v:50:y:2016:i:1:p:56-75
Access Statistics for this article
Journal of Transport Economics and Policy is currently edited by B T Bayliss, S A Morrison, A Smith and D Graham
More articles in Journal of Transport Economics and Policy from University of Bath
Bibliographic data for series maintained by Christopher F. Baum ().