Economic Governance of Railways in a Federation

20 Pages Posted: 7 Dec 2007

Multiple version iconThere are 2 versions of this paper

Date Written: December 2007

Abstract

Until recently, Australia's State Government-owned railways operated almost entirely within their home states. This has begun to change, in response to the new dynamics unleashed by economic and structural reforms which began in the 1990s. The economic regulatory system that governs third party access to track infrastructure is still a mix of State and Federal regulation, which has lead to calls for greater consistency. However, it is not clear how much centralisation is optimal. This paper examines railway governance from an historical and a functional perspective, and argues that the best approach is not technocratic, but institutional.

Keywords: Railways, governance

JEL Classification: L92,L49,L51

Suggested Citation

Wills-Johnson, Nick, Economic Governance of Railways in a Federation (December 2007). Available at SSRN: https://ssrn.com/abstract=1066404 or http://dx.doi.org/10.2139/ssrn.1066404

Nick Wills-Johnson (Contact Author)

DBP ( email )

PO Box Z5267
St Georges Terrace
Perth, 6831
Australia

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