Advertisement

Competition and Investment

  • Stephen Glaister
  • June Burnham
  • Handley Stevens
  • Tony Travers
Chapter
Part of the Public Policy and Politics book series (PPP)

Abstract

The policy of the Conservative governments between 1979 and 1997 was to use market forces to improve the delivery of transport services — driving down fares, costs, charges and subsidies and increasing the quantity and quality of investment — by releasing it from the restraints of public-sector control. Competition has been increased in the provision of air, bus, rail and road freight services. The regulatory arrangements have been adjusted accordingly to secure the public interest within the new structures. This chapter assesses the extent to which these goals have been attained, particularly in road and rail transport.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Beesley, M.E. (1997) Privatisation, Regulation and Deregulation, 2nd edn (London: Routledge).Google Scholar
  2. Beesley, M.E. (1997) ‘Rail: The role of subsidy in privatisation’, in M.E. Beesley (ed.), ‘Regulating the Utilities: Broadening the Debate’, IEA Readings, 46.Google Scholar
  3. Bishop, M., Kay, J. and Mayer, C. (1995) Privatisation and Economic Performance (OUP).Google Scholar
  4. Bishop, M., Kay, J. and Mayer, C (eds) (1995) The Regulatory Challenge (OUP).Google Scholar
  5. Kay, J.A. (1996) ‘The future of UK utility regulation’, in M.E. Beesley (ed.), ‘Regulating Utilities: A Time for Change?’, IEA Readings, 44.Google Scholar
  6. Monopolies and Mergers Commission (1996) Report on the MidlandMain Line-National Express Group Merger, December.Google Scholar
  7. Nash, C. (1994) ‘Rail Transport Regulation’, in Gilland and Vass (eds), Regulatory Review 1994 (Centre for Regulated Industries).Google Scholar

Copyright information

© Stephen Glaister, June Burnham, Handley Stevens and Tony Travers 1998

Authors and Affiliations

  • Stephen Glaister
  • June Burnham
  • Handley Stevens
  • Tony Travers

There are no affiliations available

Personalised recommendations