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Privatised Transport Infrastructure and Incentives to Invest.

Abstract:

This paper examines incentives to invest in transport infrastructure under public and privatized ownership. It argues that the methods used to regulate the U.K.'s nationalized industries up to the end of the 1970s provided inadequate constraint on industries' investment plans but that changes in regulation, introduced after 1978, provided more effective incentives. Evidence on investment behavior provides support for both these propositions. The paper examines arguments which suggest that pri...

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Journal:
Journal of Transport Economics and Policy More from this journal
Volume:
25
Publication date:
1991-01-01
ISSN:
0022-5258
Language:
English
UUID:
uuid:d4272ad0-e667-456e-a3ec-aaa8ba14478b
Local pid:
oai:economics.ouls.ox.ac.uk:12754
Deposit date:
2011-08-15

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