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Although the rail industry was privatised in the 1990s, the sector is still subject to substantial government intervention, including the imposition of price controls on a high proportion of fares.Fare regulation causes overcrowding on rail services by artificially inflating demand at particular...
Persistent link: https://www.econbiz.de/10015334053
Transport played a central role during the pandemic, with aviation facilitating the rapid global spread of Covid-19. The sector was targeted by governments that imposed draconian restrictions on mobility in an attempt to reduce transmission, but at the same time supported the aviation and rail...
Persistent link: https://www.econbiz.de/10015334124
Not only is a high proportion of traffic regulation detrimental to road safety, the economy, and the environment, but it also imposes huge costs on road-users, taxpayers, and communities. Traffic regulation is often introduced without analysing the full cost to road-users. From 2000 to 2014,...
Persistent link: https://www.econbiz.de/10015334160
Persistent link: https://www.econbiz.de/10015334171
The renationalisation of rail infrastructure has not been a success. Network Rail has been plagued by crisis after crisis, with major projects hit by delays, mismanagement and large cost overruns. Its problems echo those suffered by the inefficient nationalised industries of the post-war period....
Persistent link: https://www.econbiz.de/10015334262
Challenging the economic case for this white elephantExecutive summary:There is a significant risk that High Speed 2 (HS2) will become the latest in a long series of government big-project disasters with higher-than-forecast costs and lower-than-forecast benefits. HS2 is not commercially viable...
Persistent link: https://www.econbiz.de/10015334331