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Reforming Russian Railways: Introduction of Competition and New Regulatory Challenges
P. 707–736.
Railway reform in Russia aims at opening the room for competition. The paper assesses the impact effect of new tariff structure on internal on-track competition and investigates its’ state at the early stage of reform. It shows that lack of tariff flexibility makes the emerged industry structure unsustainable when vertically integrated state-owned infrastructure company serves the downstream market. This provides strong incentives for the infrastructure owner to establish ‘daughter’ (unregulated) train operating companies in order to prevent cream-skimming by competitive fringe. Thus the industry structure gravitates toward complete vertical separation with access to infrastructure charged likewise Ramsey formula and the final services being unregulated.
Khusainov F. I., Бюллетень транспортной информации 2018 № 8 С. 19–28
The article deals with the problematic issues of the economic history of Russia's railway transport during the formation and development of the railway network in the 19th century (from the 1830s to the 1880s). The influence of the incentives created by the government on the formation of institutions in the industry in the country's economy ...
Added: November 8, 2022
Khusainov F. I., РЖД-Партнер 2021 № 24 С. 38–43
The article analyzes the implementation of the "Program of structural reform in railway transport", approved in 2001. It is shown that a number of activities have been carried out, in particular, the creation of a competitive market for the operation (management) of freight cars. In this market, private property, unregulated tariffs and competition led to ...
Added: December 24, 2021
Khusainov F. I., Экономика железных дорог 2021 № 12 С. 54–64
The article analyzes the implementation of the "Program of structural reform in railway transport", approved in 2001. It is shown that a number of activities have been carried out, in particular, the creation of a competitive market for the operation (management) of freight cars. In this market, private property, unregulated tariffs and competition led to ...
Added: December 20, 2021
Shastitko A., Kurdin A., Закон 2021 № 5 С. 31–39
The article assesses the economic aspects of a possible new stage of the state regulation reform. The authors explain the necessity of adjusting the regulatory system from the standpoint of optimising the administrative burden on business activity and taking into account the risks of market failures and government failures as factors for strengthening or weakening ...
Added: July 2, 2021
Khusainov F. I., Экономика железных дорог 2021 № 5 С. 81–84
В статье показано, как повлияла пандемия коронавируса COVID-19 на дискуссии о реформировании железных дорог в Великобритании. В условиях пандемии железнодорожные компании-перевозчики столкнулись с беспрецедентным снижением объёмов пассажирских перевозок, что привело к снижению доходов. В этих условиях для поддержания отрасли возникла необходимость в государственных субсидиях, а это, в свою очередь поставило вопрос о том, как должна ...
Added: June 8, 2021
Khusainov F. I., РЖД-Партнер 2021 № 1-2 С. 42
Статья посвящена возникшей в конце 2020 г. инициативе по пересмотру модели организации железнодорожной отрасли в Великобритании. ...
Added: February 25, 2021
Tsygankov D. B., Russian Analytical Digest 2018 No. 227 P. 2–5
An article looks at regulatory reform in Russia. Author outlines that the Russian economy suffers from excessive regulation. He argues that while promising plans to address this problem exist, the government lacks the political will to pursue them and has postponed this reform until the next political opening. ...
Added: November 17, 2018
Dementiev A., Research in Transportation Economics 2018 Vol. 69 No. September P. 126–134
This paper studies the organisational structure of contracting out transportation operations to a vertical partnership between local authorities and a vertically integrated monopoly. Pricing decisions are delegated to the partnership operating in the downstream market as a socially concerned firm that maximises a weighted sum of social welfare and profits. The price for essential input ...
Added: October 27, 2018
Kolik A., The Network Industries Quarterly 2016 Vol. 18 No. 4 P. 17–20
The article examines the background and the preconditions of the Russian railway reform. The reform program is analyzed as well as the practical steps towards its implementation. The reform model is compared with those used in other countries. The main achivements of the reform are discussed (industry capitalization, wagon fleet development, attraction of the private ...
Added: January 7, 2017
Dzhagityan E. P., Мировая экономика и международные отношения 2015 Т. 59 № 11 С. 78–90
The article deals with the evolution of the Financial Stability Board (FSB) into a full-scale and sound authority of international banking regulation. Founded in 1999 as the Financial Stability Forum, the FSB has become an international body in 2009 overseeing the international fi nancial regulation reform, also known as Basel III. Nonetheless, FSB’s responsibilities and competence are still ...
Added: January 1, 2017
Andrei Dementiev, Anfisa Loboyko, Research in Transportation Economics 2014 Vol. 48 P. 209–220
The paper addresses the existing cross-regional diversity of delivery models in the sector of suburban passenger transportation in Russia by building a formal model of endogenous organisational choice. We develop a conceptual game-theoretic framework that allows for the trusting partnership to have become equilibrium in a regulatory bargaining game with delegation. The monopoly service provider ...
Added: October 17, 2014
Dementiev A., / Высшая школа экономики. Серия WP9 "Исследования по экономике и финансам". 2005. № 04.
Railway reform in Russia aims at opening the room for competition. The paper assesses the impact effect of new tariff structure on internal on-track competition and investigates its’ state at the early stage of reform. It shows that lack of tariff flexibility makes the emerged industry structure unsustainable when vertically integrated state-owned infrastructure company serves ...
Added: March 18, 2013