Benefits and Costs of vertical Separation in Network Industries. The Case of Railway Transport in the European Environment

Marcin Krol

MPRA Paper from University Library of Munich, Germany

Abstract: The article is devoted to a phenomenon called vertical separation in the area of network industries. Vertical separation is understood as de-merging of infrastructure and delegating control over it to independent manager banned from operating on downstream markets which are subject to liberalisation. Arguments for and against these tendencies have been examined using the example of the European railway transport. The complete analysis presents vertical separation as a promising solution for the railway industry. One of the conditions for the success of this reform is forming of a close cooperative relationship, based on loyalty and trust, between the infrastructure manager and its clients – rail operators. Building such a relationship should be supported by the implemented regulatory policy.

Keywords: network industries; public utilities; railway transport; economic regulation; liberalisation; vertical separation (search for similar items in EconPapers)
JEL-codes: K21 (search for similar items in EconPapers)
Date: 2009
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Published in Yearbook of Antitrust and Regulatory Studies 2.2(2009): pp. 169-191

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:23815

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