The changes faced by the global rail industry in recent years have brought a redefinition of some of the traditional regulatory instruments available in this sector. This paper, focusing on price and quality regulation, discusses how these instruments have been applied in several countries where...

This paper discusses how the current trend towards increased private participation in the rail industry is reshaping the way in which Governments should address the main regulatory challenges arising from the particular economic and technical characteristics of this industry. We review the role...

Traditionally, transport regulation has been viewed as an exercise in second-best optimization, acknowledging the existence of huge information problems. Then the rail industry was deeply restructured worldwide to halt erosion of the sector's share of transportation markets. Restructuring took...