'A Lot of Friction at the Interfaces': The Regulation of Britain's Privatised Railway System

Crompton, Gerald W. and Jupe, Robert E. (2003) 'A Lot of Friction at the Interfaces': The Regulation of Britain's Privatised Railway System. Financial Accountability and Management, 19 (4). pp. 397-418. ISSN 0267-4424. (The full text of this publication is not available from this repository)

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http://10.1111/1468-0408.00180

Abstract

This paper examines the regulation of privatised industries, especially the railways. It focuses on the regulation of the infrastructure company, Railtrack, which collapsed into insolvency less than six years after its flotation. It analyses in detail the establishment of a key interface in the railway system, the track access charges, and discusses the extent to which Railtrack's collapse was a failure of regulation. The paper concludes that the key problem was not the regulatory system, but the fundamentally flawed concept of the rail privatisation, and discusses the implications for the success of privatisation and of Railtrack's successor, Network Rail.

Item Type: Article
Uncontrolled keywords: railway privatisation • access charges • regulation • Railtrack • Network Rail
Subjects: H Social Sciences
H Social Sciences > HE Transportation and Communications
Divisions: Faculties > Social Sciences > Kent Business School
Depositing User: G.W. Crompton
Date Deposited: 05 Sep 2008 17:01
Last Modified: 12 Jun 2014 11:33
Resource URI: http://kar.kent.ac.uk/id/eprint/10408 (The current URI for this page, for reference purposes)
ORCiD (Crompton, Gerald W.):
ORCiD (Jupe, Robert E.):
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