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VERTICAL INTEGRATION, COMPETITION AND EFFICIENCY : THE CASE OF THE RAIL INDUSTRY

Robert H. N. Parry

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Abstract

This paper conducts an examination of the economic, structural and organisational issues underlying rail reform and privatization. The structural nature of the rail industry is addressed and the merits and demerits of vertical integration are assessed. It is viewed that vertical integration in the rail industry may have more economic benefits, in terms of efficiency, than is generally thought. Methods that reformers should consider for introducing competition into the industry, with either vertical integration or separation, are then considered and evaluated.

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What this paper is about

This paper conducts an examination of the economic, structural and organisational issues underlying rail reform and privatization. The structural nature of the rail industry is addressed and the merits and demerits of vertical integration are assessed. It is viewed that vertical integration in the rail industry may have more economic benefits, in terms of efficiency, than is generally thought. Methods that reformers should consider for introducing competition into the industry, with either vertical integration or separation, are then considered and evaluated.

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OpenAlex reports 3 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

This paper conducts an examination of the economic, structural and organisational issues underlying rail reform and privatization. The structural nature of the rail industry is addressed and the merits and demerits of vertical integration are assessed. It is viewed that vertical integration in the rail industry may have more economic benefits, in terms of efficiency, than is generally thought. Methods that reformers should consider for introducing competition into the industry, with either vertical integration or separation, are then considered and evaluated.

Key concepts: Vertical integration, Competition (biology), Industrial organization, Vertical restraints, Business, Economics, Microeconomics, Incentive

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