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The Rail Industry.
Member rating: No Rating | Words: | Submitted: Mon Apr 05 2004
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31 101 Economics I - General Essay The Rail Industry Table of Contents 1 The State of the Railways 2 1.1 The History of the railways in the UK 2 1.2 The UK Railways Since Privatisation 3 1.3 The Current Status Of Regulation Of UK Railways 3 2 The Economic Case for Regulation of a Monopoly 5 3 Assesment of Regulatory Requirements 6 3.1 Areas Governed by Competition 6 3.1.1 The Case for Privatization / Competition 6 3.1.2 Competition Applied to the Rail Industry 6 3.2 Areas Requiring Direct regulation 7 3.2.1 The Case For State Regulation 7 3.2.2 The Case For State Ownership 8 1 The State of the Railways 1.1 The History of the railways in the UK The 1921 Railway Act enabled 123 private railways to be merged into just four geographic groups The London, Midland and Scottish Railway, The London and North Eastern Railway, The Great Western Railway and The Southern Railway. During the Second World War the British government took control of the nation's railways in order to ensure the transport of men and materials to aid the war effort. The transport act of 1947 nationalised the railways...
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