Réguler les chemins de fer sur une proposition de la nouvelle économie de la réglementation : "la concurrence par comparaison" (yardstick competition)

Abstract : The market liberalization leads railways to an economic revolution. It favours the development of new markets, instead of the monopolistic organization. The analysis of the market failures (in particular, the assessment of economies of scale) and of the different forms of competition justifies the implementation of an incentive regulation of the railway markets. Therefore, yardstick competition looks interesting: the comparison of similar firms' performances leads to reduce the informational constraints of the usual monopoly regulation. In spite of some theoretical limits, there are many implementations of comparison mechanisms, such as in the Japanese railways. The proposal of yardstick competition implementation to the French regional trains should increase their performances. The estimation of a cost frontier reveals large effort differences between the regions (corresponding to more than 100 millions euros yearly). The comparison mechanism we propose can reduce that overcost.
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Submitted on : Monday, March 27, 2006 - 11:34:07 AM
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Julien Lévêque. Réguler les chemins de fer sur une proposition de la nouvelle économie de la réglementation : "la concurrence par comparaison" (yardstick competition). Economies et finances. Université Lumière - Lyon II, 2005. Français. ⟨tel-00012043⟩

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