This paper presents a game-theoretic model of a liberalized railway market, in which train operation and ownership of infrastructure are vertically separated. We analyze how the regulatory agency will optimally set the charges that operators have to pay to the infrastructure manager for access...

Contents: 1. Railway regulation: A comparative analysis of a diverging reality / Juan Montero and Matthias Finger -- 2. Railway regulation in Germany / Thomas Fetzer -- 3. The ongoing process of liberalization of the railway sector in France / Stéphane de la Rosa -- 4. Developments in rail...

The European railway sector has gone through profound, yet mostly institutional, changes over the past 20 years, owing mainly to the initiatives of the European Commission. This book constitutes a first systematic account and assessment of the recent transformations of the European railway...