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Restructuring Regulation of the Railroad Industry

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...

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Bibliographic Details
Main Authors: Kessides, Ioannis N., Willig, Robert D.
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ECONOMIC WELFARE
ECONOMIES OF SCALE
ELASTICITY
FIXED COSTS
GOVERNMENT INTERVENTION
MARGINAL COST
MARGINAL COST PRICING
MARGINAL COSTS
MARKET POWER
MARKET PRICING
NATURAL MONOPOLY
NETWORK INFRASTRUCTURE
OPPORTUNITY COSTS
PRICE CEILINGS
PRODUCTION COSTS
PROFIT MOTIVE
PUBLIC POLICY
REGULATORY FRAMEWORK
REPLACEMENT COSTS
REVENUE ADEQUACY
SUNK COSTS
THIN MARKETS
TOTAL COSTS
TRANSPORT RAILWAYS
RAILWAY INFRASTRUCTURE
GOVERNMENT REGULATION
PRICES
PRICE POLICY
MARKET COMPETITION
CONTESTABILITY
Online Access:http://documents.worldbank.org/curated/en/1995/10/697016/restructuring-regulation-railroad-industry
http://hdl.handle.net/10986/11650

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