Benchmark Regulation of Multiproduct Firms: An Application to the Rail Industry

2018 ◽  
Author(s):  
Wesley Wilson ◽  
Frank Wolak
2021 ◽  
pp. 178359172110123
Author(s):  
Patrice Bougette ◽  
Axel Gautier ◽  
Frédéric Marty

In the European rail industry, to enable competition in the market, entrants should be granted access to a large set of complementary services, beyond access to the tracks. For an efficient and effective entry, temporary access to quasi-essential complementary assets like rolling stock, mechanical maintenance workshops, data, schedules, etc. is required. In the liberalized rail sector, several observed anticompetitive practices involve distorted access to these quasiessential facilities. Therefore, competition agencies must deal with litigation between the incumbent and new entrants. Most cases have been settled, resulting in commitments from the incumbent. We argue that such transitory and case-by-case remedies fail to produce favorable conditions for a secure and efficient entry. Thus, we propose to systematize such remedies through asymmetric and enduring ex-ante regulation.


2012 ◽  
Vol 56 (6) ◽  
pp. 24-28 ◽  
Author(s):  
John Osborne
Keyword(s):  

2011 ◽  
Vol 126 (3) ◽  
pp. 1271-1318 ◽  
Author(s):  
A. B. Bernard ◽  
S. J. Redding ◽  
P. K. Schott

Sign in / Sign up

Export Citation Format

Share Document