Economic Analysis and Policy Evaluation in the Railway Industry

Economic Analysis and Policy Evaluation in the Railway Industry provides a systematic treatment of key metrics of modern railway systems. Contributors evaluate the economic effects of forces shaping railway and transportation industries worldwide, summarizing the ways that sophisticated railway systems differ from those plagued by problems and difficulties. Economic concepts, techniques, and applied empirical models reveal vertical and horizontal differences among operations, enabling readers to draw conclusions about the economic implications of regulatory and policy initiatives. Each contributor describes opportunities for future research. Assesses the economics of restructuring, competition policy, pricing, and investments Provides new economic models, data, and problems Illuminates the opportunities and risks of various regulatory policies

This volume addresses specific economic problems associated with the deregulation process. Based on the author's large body of work on railroad deregulation, it elucidates principles that can be applied to any major industry entering the competitive marketplace--particularly telecommunications and other utilities, including gas and electric. Tye has updated and revised previously published works and structured them into an integrated framework to address major subject areas. Each section addresses a particular issue and can be read on a stand-alone basis. By providing appropriate economic models and rules for successful transition, this work is designed to encourage a successful transition to deregulation.

Este informe pretende contribuir al análisis económico de los proyectos de inversión en alta velocidad ferroviaria. La evaluación económica de proyectos puede ayudar a los gobiernos a formarse una idea más precisa sobre los beneficios esperados de distintas líneas de actuación que absorben dinero público para resolver un mismo problema de transporte. En este informe se trata de determinar las circunstancias en las que la inversión en alta velocidad es socialmente deseable y en que otras la sociedad gana posponiendo la inversión. La red de alta velocidad puede construirse gradualmente, añadiendo nuevas líneas una vez que la evaluación económica muestra una rentabilidad social positiva.