Towards a more efficient railway: The Beesley lecture

Price, Richard (2012): Towards a more efficient railway: The Beesley lecture. Published in:

Abstract

Britain’s railways are a great success story. The rail industry needs now to change to sustain the remarkable progress of the last decade. To get the best service for its customers and a good deal for the taxpayer, the industry needs the freedom to innovate, to deliver better value and to make rail more attractive for passengers and freight. For too long the rail industry, the government, and the regulator have created ever more byzantine funding and decision-making structures, and since privatisation regulator and government have been drawn into operational detail instead of being focused on what matters – ensuring the industry serves its customers at the best price for the taxpayer.

• Item Type: MPRA Paper
• Language: English
• Keywords: Railways Efficiency Privatisation Vertical separation Performance Transport train economic regulation health and safety
• Subjects: L - Industrial Organization > L3 - Nonprofit Organizations and Public Enterprise > L32 - Public Enterprises ; Public-Private Enterprises; L - Industrial Organization > L3 - Nonprofit Organizations and Public Enterprise > L33 - Comparison of Public and Private Enterprises and Nonprofit Institutions ; Privatization ; Contracting Out; L - Industrial Organization > L3 - Nonprofit Organizations and Public Enterprise > L38 - Public Policy; L - Industrial Organization > L5 - Regulation and Industrial Policy > L51 - Economics of Regulation; L - Industrial Organization > L9 - Industry Studies: Transportation and Utilities > L92 - Railroads and Other Surface Transportation; N - Economic History > N7 - Transport, Trade, Energy, Technology, and Other Services > N74 - Europe: 1913-; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Economics; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Economics > R41 - Transportation: Demand, Supply, and Congestion ; Travel Time ; Safety and Accidents ; Transportation Noise

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