Transport | Contribution to book
Rail economics and regulation
18 January 2016

Authors: FINGER, Matthias; MESSULAM, Pierre

The first chapter of the book “Rail economics, policy and regulation in Europe”, sets the stage and recalls the fundamentals of rail economics and regulation in the context of de-regulation and re-regulation as promoted by the European Commission. It focuses on the specific role that regulation and regulators play – and are supposed to play – in the shaping of the European railway sector (past) or industry (future). It does so by considering the economic dimensions of railway de-and re-regulation, as opposed to the technical and safety dimensions. This chapter is divided into three distinct sections. The first section presents the European Commission’s (EC) history and programme of railway de-regulation and re-regulation, especially with regard to economic regulation. In the second section, we look at the underlying railway economics from the perspective of the main three types of rail market players that have emerged as a result of the EC’s de-/re-regulation initiatives; namely, infrastructure managers, train operating companies and station managers. The third section discusses the challenges for railway regulation, and European railway regulatory policy more generally, that result from the newly emerging and increasingly fragmented European railway industry structure.
logo cadmus Read it on Cadmus Download in open access

LATEST FSR PUBLICATIONS

Contribution to book
Electricity network companies can innovate their own network business or stimulate system innovation, including by facilitating market activities and the integration of renewable energy sources. Regulation is essential to turn [...]
Contribution to book
To enable deep electrification of the economy, a significant expansion of grid distribution capacity will be required. However, how much grid investments eventually will be needed depends on how the [...]
Contribution to book
This edited book is intended to be a companion volume to our Handbook on Electricity Markets (Glachant, Joskow, and Pollitt, 2021). That book focused on wholesale electricity markets, looking at [...]

Join our community

To meet, discuss and learn in the channel that suits you best.

scroll

top