Restructuring Regulation of the Railroad Industry

• Tác giả: Ioannis N Kessides
• Ngôn ngữ: eng
• Ký hiệu phân loại: 621.33 Electric power transmission for railroads
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 326597
• Chủ đề: 1. ECONOMIC WELFARE; 2. ECONOMIES OF SCALE; 3. ELASTICITY; 4. FIXED COSTS; 5. GOVERNMENT INTERVENTION

Tóm tắt

Throughout the world, the rail industry has been one of the most heavily regulated sectors. The public utility paradigm of government regulation has failed to handle the central regulatory problem--the mixture of competive and monopoly elements in supply-- and is now being blamed for the poor financial condition of the railroads, for the deterioration of rail plant, for the lack of innovation, and for the mediocre quality of rail services. This Note outlines a set of principles, called constrained market pricing, for regulatory reform in the public interest and considers their implications for railroad restructuring.