The new british railways structure

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The new british railways structure

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dc.contributor.author Yvrande, Anne
dc.date.accessioned 2010-06-30
dc.date.accessioned 2010-06-30T10:38:45Z
dc.date.available 2010-06-30T10:38:45Z
dc.date.issued 2010-06-30
dc.identifier.isbn 8778730899
dc.identifier.uri http://hdl.handle.net/10398/8081
dc.description.abstract The 1993 reform of rail transport in Great Britain led to an outright break-up of the British Rail vertically integrated monopoly. All railway activities have been isolated and divided among private operators whose relationships are determined by contracts. This paper examines the relevance of a vertical separation between train operations and rolling stock ownership and the stability of this new structure. Transaction cost theory, which mainly concentrates on vertical integration and contractual coordination issues, provides a relevant analytical framework. It is argued that the disintegrated governance structure is not suitable to the features of the relationships between lessors and lessees of rolling stock. Moreover, the coordinative mechanisms of existing leases cannot solve the problems caused by vertical separation. Therefore, operators have adapted the structure and change the characteristics of the rolling stock market transactions. en_US
dc.format.extent 37 s. en_US
dc.language eng en_US
dc.relation.ispartofseries DRUID;00-5
dc.subject.other vertical integration, public utilities reform, transaction cost economics en_US
dc.title The new british railways structure en_US
dc.type wp en_US
dc.accessionstatus modt10jun30 siso en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Innovation og Organisationsøkonomi en_US
dc.contributor.departmentshort INO en_US
dc.contributor.departmentuk Department of Innovation and Organizational Economics en_US
dc.contributor.departmentukshort INO en_US
dc.idnumber 8778730899 en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2000 en_US
dc.title.subtitle A transaction cost economics analysis en_US


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