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#Mobility

The future of rail: regulation & competition for an innovative industry

  • 6 February 2019
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This short CERRE Mobility paper examines the innovation process in rail transport and considers the adequacy of current incentives to innovate. Innovations may take the form of technological improvements in infrastructure or rolling stock, or new ways of marketing, selling, organising and delivering services.

It describes the background to current concerns about the incentives to innovate in the rail industry. The authors then consider the challenges that make innovation necessary, the implications of the current structure of the industry for the incentives to innovate, the issue of regulation, possible solutions to the problem of adequate incentives to innovate, conclusions and further research.

Document(s)
ISSUE PAPER | The future of rail regulation & competition for an innovative industry
Author(s)
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Chris Nash
Chris Nash
CERRE Honorary Research Fellow
University of Leeds

Chris Nash is a CERRE Research Fellow and a Research Professor at the Institute for Transport Studies (ITS) of the University of Leeds.

He was previously Director of the ITS for seven years.

He has coordinated and contributed to a wide range of EU research projects, including the SUSTRAIL project.

He has advised many organisations, including the EC’s High Level Group on Infrastructure Charging, the OECD, and the Transport and European Union Select Committees of the British Parliament.

Andrew Smith
Andrew Smith
Professor of Transport Performance and Economics
University of Leeds

Andrew is Professor of Transport Performance and Economics at the Institute for Transport Studies, University of Leeds. He leads the Institute’s Rail Research Group. His research is focused on: infrastructure access pricing and marginal cost research; rail regulation and the impact of rail reforms on economic efficiency; cost and efficiency modelling; and modelling the economic impact of rail technology innovations. He has published important work in these areas and has led or is leading a wide range of research projects.

He is also academic advisor to water regulator Ofwat on econometric benchmarking, a member of the advisory board of the Italian Transport Regulation Authority, and an Editor of the Journal of Transport Economics and Policy.

Andrew has a visiting research position at the Centre for Transport Studies (Royal Institute of Technology (KTH) and VTI) in Stockholm and at the University of Masaryk, Czech Republic. He teaches at undergraduate level on Advanced Microeconomics and Public Enterprise and Regulation and teaches / or has taught at Masters level on Economics of Transport Regulation and Public Transport Planning and Management.

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Centre on Regulation in Europe asbl (CERRE)
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