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Conveyor Belt or Competitive Market: What is a Railway?

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Document pages: 18 pages

Abstract: The notion that allowing third party access to the natural monopoly, below-rail track and signalling infrastructure might induce competitive entry in above-rail train operations has been a part of European and Australian rail policy since the early 1990s. However, competition has been slow to emerge and it is useful to ask why. This paper examines railways from a number of different perspectives in an attempt to understand the limits of what policymakers might expect from a rail access regime.

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