Separability and subadditivity in Australian railways
MetadataShow full item record
Economic reform in the mid-1990s saw the application of third-party access to railway infrastructure and, in some cases, the separation of above-rail and below-rail services into separate businesses. Reform was based on the notion that the rail track was a natural monopoly, while the above-rail sector could potentially support competition. This paper examines the likelihood of such competition through an analysis of subadditivity, and also the consequences of vertical separation for rail efficiency. It finds limited evidence for sustainable above-rail competition, but also limited evidence that vertical separation should have caused efficiency losses.
Copyright © 2008 John Wiley & Sons, Ltd.
Showing items related by title, author, creator and subject.
Wills-Johnson, Nick (2007)This project sought to examine the impacts of National Competition Policy (NCP) on investment in Australian general freight and passenger railways, and more generally to assess the rationale underlying NCP and related ...
Xia, F.; Cole, C.; Wolfs, Peter (2006)The maximal stress and tangential surface forces at the wheel rail contact elliptic area are affected by the wheel rail contact dynamic load and creepages. Dynamic wheel load is related to the wagon dynamic system, track ...
Xia, F.; Cole, C.; Wolfs, Peter (2008)The maximal stress and tangential surface forces at the wheel-rail contact elliptic area are affected by the wheel-rail contact dynamic load and creepages. Dynamic wheel load is related to the wagon dynamic system, track ...