Railway Finance in Europe

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Railway Finance in Europe

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Railway Finance in Europe

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Review of Network Economics

ISSN

2194-5993

e-ISSN

1446-9022

Svazek periodika

16

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

DE - Spolková republika Německo

Počet stran výsledku

22

Strana od-do

67-88

Kód UT WoS článku

000441915900002

EID výsledku v databázi Scopus

2-s2.0-85050917440