Economic Regulation in a Plural Public Sector: The Office of Rail and Road and Network Rail

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Abstract

What is the justification for economic regulation of publicly-owned enterprises by an independent agency? The conventional argument is that this is to prevent unfair competition, especially where a public enterprise controls essential infrastructure or has a dominant position, but this article will argue that there are other justifications which apply even where there is limited competition in relevant markets. The example chosen will be that of the regulation of Network Rail, the UK owner and operator of rail infrastructure, by the Office of Rail and Road (ORR)..
Original languageEnglish
Pages (from-to)116-133
Number of pages18
JournalPublic Law
Volume2020
Issue number1
Publication statusPublished - 1 Jan 2020

Keywords

  • Comparative law
  • European Union
  • Office of Rail and Road
  • Publicly owned companies
  • Regulation

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