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The Privatisation of British Rail: a Track Record

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dc.contributor.author Dnes, Antony William
dc.date.accessioned 2017-04-13T21:23:23Z
dc.date.available 2017-04-13T21:23:23Z
dc.date.issued 1997-09
dc.identifier.citation Dnes, Antony. "The Privatisation of British Rail: A Track Record." Economic Review (UK), no. 1, 1997, p. 4.
dc.identifier.issn 0265-0290
dc.identifier.uri http://hdl.handle.net/11416/308
dc.identifier.uri https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=edsgao&AN=edsgcl.20193081&site=eds-live&scope=site&custid=s5615486
dc.description.abstract The privatization of railroads in the United Kingdom has involved a subsidy for the new companies providing services, and has been carried out in a complex way. Passengers services have been separated from the maintenance of stations and track. Bidders for passenger service operations have mainly been bidding for subsidies. Franchisees are under pressure to maximise profits when railroad services are profitable. Franchisees may have monopoly power so use monopoly pricing, which leads to a net loss for society. Loss-making services involve a subsidy which may not be set at the best level, but bidding may still allow costs to be cut compared to nationalization.
dc.publisher Economic Review (UK)
dc.subject British Rail -- Mergers, acquisitions and divestments
dc.subject Privatization -- United Kingdom
dc.subject Railroads -- Mergers, acquisitions and divestments
dc.subject United Kingdom -- Transportation policy
dc.title The Privatisation of British Rail: a Track Record
dc.type Article


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