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

Jupe, R.E. and Crompton, G.W. (2001) 'A Lot of Friction at the Interfaces': The Regulation of Britain's Privatised Railway System. In: International Workshop on Accounting and Regulation, Siena. (The full text of this publication is not available from this repository)

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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: Conference or workshop item (Paper)
Uncontrolled keywords: railway privatisation • access charges • regulation • Railtrack • Network Rail
Subjects: H Social Sciences
Divisions: Faculties > Social Sciences > Kent Business School
Depositing User: Robert Jupe
Date Deposited: 05 Sep 2008 16:56
Last Modified: 22 May 2011 00:00
Resource URI: http://kar.kent.ac.uk/id/eprint/7668 (The current URI for this page, for reference purposes)
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