Railway Finance in Europe
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F17%3A00113844" target="_blank" >RIV/00216224:14560/17:00113844 - isvavai.cz</a>
Result on the web
<a href="https://www.degruyter.com/view/journals/rne/16/2/rne.16.issue-2.xml" target="_blank" >https://www.degruyter.com/view/journals/rne/16/2/rne.16.issue-2.xml</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1515/rne-2017-0039" target="_blank" >10.1515/rne-2017-0039</a>
Alternative languages
Result language
angličtina
Original language name
Railway Finance in Europe
Original language description
Governments make substantial contributions to the finance of railways in Europe. This paper first considers the possible justifications for subsidies - namely normalisation of accounts, public service obligations, economies of density, relief of externalities on other modes, wider economic benefits and option values. It then considers the alternative ways of giving subsidies in the form of contributions to infrastructure costs, investment grants and subsidies to services. It concludes that there are good reasons for subsidising railways - in particular a first best argument for subsidising infrastructure will usually exist and a failure to do so will lead to fewer services being operated than are economically justified - but there is a need to ensure subsidies are used efficiently. Ways of achieving this include the setting of clear objectives and financial constraints, decentralisation of decision taking to focussed sector management, regulation and benchmarking of infrastructure costs and the introduction of competition for and in the market. Together these should reduce or eliminate the link between subsidies and inefficiency observed in earlier times.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Review of Network Economics
ISSN
2194-5993
e-ISSN
1446-9022
Volume of the periodical
16
Issue of the periodical within the volume
2
Country of publishing house
DE - GERMANY
Number of pages
22
Pages from-to
67-88
UT code for WoS article
000441915900002
EID of the result in the Scopus database
2-s2.0-85050917440