This paper deals with railway deregulation and related reforms by means of a case study of Sweden, studying the 1988 split of railway infrastructure from operations and the subsequent steps of vertical and horizontal disintegration to a market characterized by decentralization and intra-modal...

The Shellpot Bridge is a 536-foot swing bridge located on a rail freight bypass route around Wilmington, Delaware. When the bridge failed in 1994, Conrail, then the bridge's owner, elected not to repair it due to declining freight volume. The State of Delaware reached agreement with the new rail...

This retrospective case study of merger efficiencies focuses on the 1996 merger of two large, U.S. rail networks. Information on the public record permits some evaluation of pre-merger efficiency claims, and the weighing of those claims against regulatory and antitrust standards. Access to...

This article provides a review and critique of the empirical literature that examines the effects of incentive regulation on retail telephone service quality in the United States. The literature provides mixed findings. Some dimensions of service quality appear to improve under incentive...

Restructuring brings market incentives into formerly monopolized network industries and raises a host of questions about whether the carrot of profit seeking can be disciplined by the stick of competition. In the telephone industry access pricing is an issue, and major problems are illustrated....

We trace the development of incentive regulation in the U.S. telecommunications, electricity, and natural gas industries. Telecom has moved much more in the direction of pure price cap regulation. Incentive regulation in electricity and gas has generally not strayed far from rate-of-return...

Since the 1990s, local exchange telecommunications carriers (LECs) have been subject to incentive regulation plans. This paper discusses theoretical and practical aspects of the evolution of price regulation as retail competition increases and as regulators mandate extensive availability of...

This paper reviews in turn the papers in this Symposium on incentive regulation. It adduces the UK experience with incentive regulation, particularly in the electricity sector, to evaluate, amongst other things, the reasons for development and adoption of this approach, the determinants of...

The Massachusetts public utility commission has pursued policies to promote competition and efficient pricing in telecommunications since the divestiture of AT&T in 1984. As part of this effort, the Massachusetts Commission approved incentive regulation for AT&T and Verizon - the only two...