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The changing nature of railways in Europe: empirical evidence on prices, investments and quality

par Esposito, Giovanni ;Doleschel, Julia;Kaloud, Tobias;Urban-Kozłowska, Jadwiga
Editeur scientifique Florio, Massimo
Référence The Reform of Network Industries Evaluating Privatisation, Regulation and Liberalisation in the EU, Edward Elgar Publishing, Northampton Massachusetts, Etats-Unis, page (171-196)
Publication Publié, 2017-12-29

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Résumé :

Network services such as electricity, natural gas, telecommunications, transport and water are crucial factors of economic well-being as they offer society the opportunity to coordinate, over time and space, large and complex flows of essential goods, people or services. Until the 1980s, these services in Europe were mainly provided by vertically integrated state-owned monopolies. Then, following the wave of NPM reforms in the organization of national public sectors, many governments dismantled stated-owned enterprises. This section focuses on the European railway sector. After a brief explanation of the main transformations occurred in this sector, this study presents the EU regulatory milestones in support of liberalization and offers insights on the implementation status of these reforms in selected countries (France, Italy, Spain and Germany). It finally provides empirical evidence on the impact of railway-related regulatory regimes (market-friendly VS monopolistic regulations) on prices, investments and quality of rail services.