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- W621468526 abstract "The objective of this chapter is to show how the choice of regulatory regime influences the needs for ex-post regulation or ex-ante regulation. It is argued that there is a first-best solution – the separation of infrastructure and operations – with a minimum of additional regulatory needs. If this is not possible to realize, a trade-off between ex-ante and ex-post regulation arises. The question is whether we can minimize the need for ex-post regulation without introducing new regulatory agencies with their specific problems. The chapter shows that the first-best solution for competition on the railway market is vertical separation of infrastructure and operations. This first-best solution may not be realized in Germany and other European Countries because of political constraints and the persistence of the structures determined by the state-owned railways. Therefore, the chapter finds a second-best approach. Ex-post regulation by the Federal Cartel Office will not effective as necessary." @default.
- W621468526 created "2016-06-24" @default.
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- W621468526 date "2004-01-01" @default.
- W621468526 modified "2023-09-24" @default.
- W621468526 title "Ex-ante versus Ex-post Regulation in the German Railway Sector" @default.
- W621468526 hasPublicationYear "2004" @default.
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