Conveyor belt or competitive market: What is a railway?
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The notion that allowing third party access to the natural monopoly, below-rail track and signalling infrastructure might induce competitive entry in above-rail train operations has been a part of European and Australian rail policy since the early 1990s. However, competition has been slow to emerge and it is useful to ask why. This paper examines railways from a number of different perspectives in an attempt to understand the limits of what policymakers might expect from a rail access regime.
Paper presented in: Wills-Johnson, Nick. 2007. Conveyor belt or competitive market: What is a railway? in Bloch, H. (ed), CRAE Research Seminar Series, 28 Aug 2007. Perth: School of Economics and Finance.
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