Economic Analysis and Policy Evaluation in the Railway Industry An International Perspective

Economic Analysis and Policy Evaluation in the Railway Industry: An International Perspective provides a systematic description of key topics of modern rail systems. Contributors evaluate the economic effects of forces shaping railway and transportation industries worldwide. The book covers a description of the recent evolution of the sector emphasizing those countries or areas where railways have achieved different degrees of development. Economic concepts, techniques and applied empirical models are considered to illustrate the different aspects of the rail markets. The assessment of regulatory, competition and infrastructure issues related to rail markets are also described with detail.

• Assesses the economics of restructuring, competition policy, pricing and investments in rail markets
• Provides insights to understadn the behaviour of rail markets
• Illustrates the opportunities and risks of various regulatory policies

1. Introduction
2. International Experiences I
3. International Experiences II
4. Rail Transport Demand
5. Production and Cost Structure in the Rail Industry
6. Pricing and Regulation in Rail Transport
7. Competition and Entry in the Rail Industry
8. Cost-Benefit Analysis of Rail Infrastructure Investments

Pedro Cantos Sánchez is Professor of Economics and senior researcher at ERI-CES (University of Valencia). He is specialized in transport economics and applications of industrial organization. Most of his research has been devoted to the analysis of rail transport. In particular, he has worked on issues such as deregulation and privatization in the transport sector, the analysis of efficiency and productivity in transport, the effects of infrastructure on economic growth, the evaluation of public policies in different transport sectors, and the pricing of infrastructure and transport services. He has a large number of publications in prestigious transport and economic journals. Also he has led many projects for national (as Ministry of Transports and Ministry of Economy and Competitiveness) and international institutions (European Commission and World Bank)..
Marc Ivaldi is Professor of Economics at the Toulouse School of Economics (TSE) and at the Ecole des Hautes Etudes en Sciences Sociales (EHESS) and Academic Affiliate with NERA Economic Consulting. He is Research Fellow at the Center for Economic Policy Research (CEPR) and at CESIfo. He has served as President of the International Transportation Economics Association (ITEA) and as Scientific Director of the Division of Social Sciences and Humanities at the French Ministry of Higher Education and Research. He specializes in Applied Industrial Organization, and he has primarily studied network and transport service industries (rail, air, energy, telecommunications, banking, information technologies). He is an expert on empirical methods for competition and regulation policy and has published many articles in prominent academic journals. He holds a PhD in Economics from the University of Pennsylvania