Regulatory Capture in Railways Industry: A Short Survey

Firm and Competitive Environment, 2010, Brno: MUAF in Brno, 2010

7 Pages Posted: 19 Apr 2011 Last revised: 25 Apr 2011

See all articles by Tomáš Otáhal

Tomáš Otáhal

Mendel University - Faculty of Economics and Business Administration

Date Written: March 11, 2010

Abstract

This paper shortly surveys theoretical and empirical literature related to regulatory capture in railway industry. In the first section, the survey summarizes the main contributions to the general theoretical framework referred to as the theory of regulation or the regulatory capture theory. Since the low elasticity of demand for railways increases the profits from regulatory capture, the railway industry is a good example of the summarized theoretical argument. To further analyze this example, the second section presents a short survey of regulatory capture in the railway industry.

Keywords: Railway industry, regulatory capture, theory of regulation

Suggested Citation

Otáhal, Tomáš, Regulatory Capture in Railways Industry: A Short Survey (March 11, 2010). Firm and Competitive Environment, 2010, Brno: MUAF in Brno, 2010, Available at SSRN: https://ssrn.com/abstract=1809614 or http://dx.doi.org/10.2139/ssrn.1809614

Tomáš Otáhal (Contact Author)

Mendel University - Faculty of Economics and Business Administration ( email )

Staňkova 578/16b
Brno, 602 00
Czech Republic

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