THE UK RAILWAY PRIVATISATION : FAILING TO SUCCEED?

David E. Tyrrall

22 citations0/0 files storedEconomic Affairs

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Transport and Economic Policies transportation and logistics systems Aviation Industry Analysis and Trends

Abstract

Railway privatisation has been a mixture of success and failure. Increasing passenger numbers and improvements in rolling stock have been offset by failures in infrastructure maintenance, service quality and most notably cost management. These outcomes can be attributed to the suboptimal structure of the privatised industry.

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1986The Economic Institutions of Capitalism 1991Accounting and organizational cultures: A field study of the emergence of a new organizational reality 2003Railroad Costs and Competition: The Implications of Introducing Competition to Railroad Networks 2002The restructuring and privatisation of British Rail: was it really that bad?1988British Railways, 1948-73: A Business History 2002British Rail 1974–1997 1967Off the rails 2005The Fragmentation of a Railway: A Study of Organizational Change

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