Crompton, G.W. and Jupe, R.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.
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| Official URL 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: | 21 May 2011 00:07 |
| Resource URI: | http://kar.kent.ac.uk/id/eprint/10408 (The current URI for this page, for reference purposes) |
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