Fares fair? The economics of setting ticket prices
Regulated rail fares in Great Britain are set to rise by 3% in real terms for each of the next three years, while the entire approach to fares setting is about to be subject to formal review. There are important economic issues surrounding these changes, such as the empirical evidence on how passengers respond to fare changes, and the types of fares regulation that might be introduced.
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The 2023 annual law on the market and competition: new developments for motorway concessions in Italy
With the 2023 annual law on the market and competition (Legge annuale per il mercato e la concorrenza 2023), the Italian government introduced several innovations across various sectors, including motorway concessions. Specifically, as regards the latter, the provisions reflect the objectives of greater transparency and competition when awarding motorway concessions,… Read More
Switching tracks: the regulatory implications of Great British Railways—part 2
In this two-part series, we delve into the regulatory implications of rail reform. This reform will bring significant changes to the industry’s structure, including the nationalisation of private passenger train operations and the creation of Great British Railways (GBR)—a vertically integrated body that will manage both track and operations for… Read More