Browsing The Economic and Social Review, Vol. 33, No. 1, Spring, 2002 by Subject "Franchises"
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The impact of structural and contractual arrangements on a vertically separated railway
(Economic & Social StudiesDublin, 2002)The unbundling of railways in Britain has been heavily criticised as undermining the passenger rail system. Economic theory suggests that structural separation and short-lived contracts hinder incentives to invest in ...