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Creating a National Champion: International Competition and Unbundling in Rail Transportation

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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.
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Document Type: Research Article

Publication date: January 1, 2016

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  • JTEP is international both in terms of authors and readership. Since it first appeared, more than 650 papers have been published from Europe, North America, the Pacific Rim/Australasia, Africa, Asia, and South America. This international variety is also reflected in the readership.

    Published four times a year, the journal covers all modes of transport and a wide variety of economic themes, including: Passenger Transport, Freight Transport, Shipping, Aviation, Transport Infrastructure, Environment & Energy, Traffic, Planning and Policy, Safety, Costs & Pricing, Competition, Evaluation, Productivity, Demand & Elasticities, Service Quality, Economies of Scale, Economics Regulation and Choice.

    A complete indexing and article service is available FREE from 1967 to 2000

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