Supply chain security witnessed two new developments in the opening weeks of 2012. On January 25, 2012, the Obama Administration released a new “National Strategy for Global Supply Chain Security.” That same month, the World Economic Forum released a report titled “New Models for...

Thirty years have passed since the Staggers Act was signed into law and we can now take a fairly long measure of how well it has lived up to its promise. We can also venture some guesses as to what is in store for U.S. railroads and their shippers in the first half of the new century. We argue...

Thirty years ago, our paper entitled "The High Cost of Regulating U.S. Railroads" appeared in this journal. At the time, the Staggers Act had just been signed into law. Our paper provided an analysis of the U.S. railroad industry's performance for the generation immediately preceding the...

This report develops a roadmap for reliability policy in network industries. Based on economic theory, we analyse the relationship between reliability and various types of government policy: privatisation, liberalisation, regulation, unbundling, and 'commitment policy'. We let government...

This paper contributes to the debate on investment in transport infrastructure and the allocation of public funds between road and railway projects. We model the two options and provide a consistent framework to appraise investment in typical new inter-urban road and rail projects. Our results...

One important determinant of the speed and success of transition will be the efficiency of transformation and development of the infrastructure sectors. A great deal of attention has been paid to issues such as privatisation, restructuring, user prices, and terms of access in these sectors,...

Starting with a 'greenfield' situation, we discuss reasons for market failure in road infrastructure provision. We show why it may not be optimal from a welfare perspective to leave road provision fully to the market and government intervention in this sector can improve welfare. Government...

Product market regulation in the non-manufacturing sectors of OECD countries: measurement and highlights This paper describes a new set of indicators that measure differences in the regulation of non-manufacturing sectors of OECD countries over the past three decades. The indicators focus on...

The objective of the paper is to elaborate a simulation model to analyse inter and intra-modal competition in the transport industry, based on game theory models. In our setting, consumers choose a transport mode and an operator to travel on a given city-pair; operators strategically decide on...