High Speed Railways (HSR) is currently regarded as one of the most significant technological breakthroughs in passenger transportation developed in the second half of the 20th century. At the beginning of 2008 there were about 10,000 kilometres of new high speed lines in operation around the...

This book concerns the regulation of transport within a European context, covering air, inland waterways, rail, road passenger and freight, urban public transport, and short sea shipping. All these sectors have experienced substantial changes over the last two decades, in terms of ownership,...

Numerous countries have attempted to improve the performance of their railways by introducing more competition, but there is fierce debate and no consensus on how this is best achieved. This book reveals how railways were an obvious target for reform because they were often losing traffic and...

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...

This paper discusses several competition issues that have emerged in the Latin American rail industry after the recent restructuring experiences started during the 1990s. The analysis focuses on Brazil and Mexico providing a brief account of the main characteristics of the concessioning process...

When major investors own shares in several firms in the same industry, the traditional approach to concentration measurement by the Hirschman-Herfindahl Index (HHI) fails to accurately reflect the level of competition in the market. To address this problem we derive a generalized HHI formula...

En los últimos años, tanto en la Unión Europea como en España, se ha procedido a descentralizar algunos aspectos relevantes de la política de defensa de la competencia. El objetivo de este trabajo es analizar la interacción entre información y riesgo de captura asociada a esta nueva...

What is the total cost of building, maintaining and operating a new high speed rail (HSR) line? Trying to answer this question is the main objective of this paper. To address it we will make an extensive use a database containing information about 166 actual HSR projects in 20 countries is...

Este trabajo analiza el grado de concentración y desigualdad existente entre las 2.350 empresas mayores del mundo, aportando como novedades el basarse en la información publicada anualmente por el ranking de empresas del Financial Times, lo cual permite realizar comparaciones sectoriales y por...