The Restructuring and Privatisation of British Rail: Was It Really That Bad?

Fiscal Studies

Volumn 23, Issue 4, 2002, Pages 463-502

  Pollitt, Michael G ^a   Smith, Andrew S J ^a  

^a UNIVERSITY OF CAMBRIDGE   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0346678991     PISSN: 01435671     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1475-5890.2002.tb00069.x     Document Type: Article

References (34)

1. Affuso, L., Angeriz, A. and Pollitt, M. G. (2002), 'Measuring the efficiency of Britain's privatised train operating companies', London Business School, Regulation Initiative Discussion Paper Series, no. 48.
2. Beeching, R. (1963), The Reshaping of British Railways, British Railways Board, London: HMSO.
3. _ (1965), The Development of the Major Railway Trunk Routes, British Railways Board, London: Waterlow & Sons Limited.
4. Bishop, M. and Thompson, D. (1992), 'Regulatory reform and productivity growth in the UK's public utilities', Applied Economics, vol. 24, pp. 1181-90.
5. Bradshaw, B. and Lawton-Smith, H. (2000), Privatisation and Deregulation of Transport, Basingstoke: Macmillan.
6. Burns, P. and Weyman-Jones, T. G. (1994), Regulatory Incentives, Privatisation and Productivity Growth in UK Electricity Distribution, CRI Technical Paper no. 1, London: CIPFA.
7. Chisari, O., Estache, A. and Romero, C. (1999), 'Winners and losers from the privatisation and regulation of utilities: lessons from a general equilibrium model of Argentina', World Bank Economic Review, vol. 13, pp. 357-78.
8. Department of Transport (1992), New Opportunities for the Railways: The Privatisation of British Rail, Cm. 2012, London: HMSO.
9. Domah, P. and Pollitt, M. G. (2001), 'The restructuring and privatisation of electricity distribution and supply businesses in England and Wales: a social cost-benefit analysis', Fiscal Studies, vol. 22, pp. 107-46.
10. Estache, A. and de Rus, G. (2000), Privatization and Regulation of Transport Infrastructure: Guidelines for Policymakers and Regulators, Washington, DC: World Bank Institute.
11. Europe Economics (2000), Review of Railtrack Efficiency: A Report for the Office of the Rail Regulator, London.
12. Freeman, R. and Shaw, J. (2000), All Change: British Railway Privatisation, London: McGraw-Hill.
13. Galal, A., Jones, L., Tandon, P. and Vogelsang, I. (1994), Welfare Consequences of Selling Public Enterprises: An Empirical Analysis, Oxford: Oxford University Press.
14. Gourvish, T. (2002), British Rail 1974-1997 From Integration to Privatisation, Oxford: Oxford University Press.
15. Health and Safety Commission (2001), The Ladbroke Grove Rail Inquiry: Part 2 Report, Norwich: HMSO.
16. Jones, L. P., Tandon, P. and Vogelsang, I. (1990), Selling Public Enterprises: A Cost-Benefit Methodology, Cambridge, MA: MIT Press.
17. Kain, P. (1998), 'The reform of rail transport in Great Britain', Journal of Transport Economics and Policy, vol. 32, part 2, pp. 247-66.
18. Martin, S. and Parker, D. (1997), The Impact of Privatisation: Ownership and Corporate Performance in the UK, London: Routledge.
19. Monopolies and Mergers Commission (1980), British Railways Board: London and South East Commuter Services. A Report on Rail Passenger Services Supplied by the Board in the South East of England, Cmnd 8046, London: HMSO.
20. _ (1989), British Railways Board: Provincial - A Report on Rail Passenger Services Supplied by the Board in Great Britain for which the Board's Provincial Business Sector Takes Financial Responsibility, Cm. 584, London: HMSO.
21. _ (1991), London Underground Limited: A Report on Passenger and Other Services Supplied by the Company, Cm. 1555, London: HMSO.
22. National Audit Office (1985), Report by the Comptroller and Auditor General; Departments of Transport, Trade and Industry and Energy - Monitoring and Control of Investment by the Nationalised Industries in Fixed Assets, HC 284, 1985 Session, London: HMSO.
23. _ (1998a), The Flotation of Railtrack, HC 25, 1998-99 Session, Department for Environment, Transport and the Regions, London: The Stationery Office.
24. _ (1998b), The Privatisation of the Rolling Stock Leasing Companies, HC 576, 1997-98 Session, Department for Environment, Transport and the Regions, London: The Stationery Office.
25. _ (1999), The Sale of Railfreight Distribution, HC 280, 1998-99 Session, Department for Environment, Transport and the Regions, London: The Stationery Office.
26. Newbery, D. M. and Pollitt, M. G. (1997), 'The restructuring and privatisation of Britain's CEGB: was it worth it?', Journal of Industrial Economics, vol. 45, pp. 269-303.
27. Office of the Rail Regulator (1999), The Periodic Review of Railtrack's Access Charges: Provisional Conclusions on Revenue Requirements, London.
28. _ (2000a), The Periodic Review of Railtrack's Access Charges: Final Conclusions, vol. 1, London.
29. _ (2000b), The Periodic Review of Railtrack''s Access Charges: West Coast Route Modernisation, London.
30. Oum, T. H., Waters, W. G. (II) and Yu, C. (1999), 'A survey of productivity and efficiency measurement in rail transport', Journal of Transport Economics and Policy, vol. 33, pp. 9-42.
31. Pollitt, M. G. (1997), 'The impact of liberalisation on the performance of the electricity supply industry: an international survey', Journal of Energy Literature, vol. 3, no. 2, pp. 3-31.
32. SBC Warburg (1996), Railtrack Group PLC: Pathfinder Prospectus, London.
33. Skamris, M. K. and Flyvbjerg, B. (1997), 'Inaccuracy of traffic forecasts and cost estimates on large transport projects', Transport Policy, vol. 4, pp. 141-6.
34. Yarrow, G. (1992), 'British electricity prices since privatisation', Studies in Regulation, no. 1, Oxford: Regulatory Policy Institute.