Regulatory Reform in Transport in the United Kingdom: Principles and Application

John Kay and David Thompson

Chapter 2 in Transport in a Free Market Economy, 1991, pp 19-42 from Palgrave Macmillan

Abstract: Abstract Transport can be regarded as the cradle of privatisation — or more generally of regulatory reform — in the United Kingdom. The 1980 Transport Act introduced both the first deregulation of a state monopoly — express coaching — and also the first sale of a public enterprise into private ownership — the National Freight Consortium, privatised through a highly leveraged management and employee buy-out.

Keywords: Market Failure; Market Entry; Transport Sector; Regulatory Failure; Public Enterprise (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11439-9_2

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DOI: 10.1007/978-1-349-11439-9_2

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