L’opérateur de transport public à Bruxelles (STIB) et la Région de Bruxelles-Capitale:25 ans de vie commune

Christophe Goethals

No 14-019, Working Papers CEB from ULB -- Universite Libre de Bruxelles

Abstract: Since 1989 and the regionalization of public transports in Belgium, the Société des transports intercommunaux de Bruxelles (STIB), i.e. the public operator of urban transport in Brussels, has undergone many changes, both structural and organizational. Meanwhile, the company has managed to improve its financial health in accordance with the objectives set by the regulatory transport authority, the Region of Brussels-Capital. The analysis of the system of actors shows that, in a principal-agent relationship characterized by high information asymmetry, the convergence of interests between the supervisory authority and the public company is neither natural nor automatic: it is built. This construction takes place at several levels and materializes incrementally, particularly through the management contract. In this regulatory system, the process organizing the dialogue between the company and the authority produces the desired beneficial effects, more than the legal value of the contract does. The interdependence between the actions of the Region and those of the STIB implies practices that can be described as a partnership. Finally, the analysis shows that the contractualization is not inconsistent with an evolution of the roles of each actor.

Keywords: agency theory; asymmetric information; public enterprise; public policies; urban transport; regulatory reform; governance; system of actors; performance measurement (search for similar items in EconPapers)
JEL-codes: D20 D82 G38 L32 P11 (search for similar items in EconPapers)
Pages: 22 p.
Date: 2014-08-18
New Economics Papers: this item is included in nep-cta and nep-tre
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published by:

Downloads: (external link)
https://dipot.ulb.ac.be/dspace/bitstream/2013/174732/1/wp14019.pdf wp14019 (application/pdf)

Related works:
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: https://EconPapers.repec.org/RePEc:sol:wpaper:2013/174732

Ordering information: This working paper can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/174732

Access Statistics for this paper

More papers in Working Papers CEB from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().