publication . Article . 2017

‘A highly successful model’? The rail franchising business in Britain

Robert Jupe; Warwick Funnell;
Open Access English
  • Published: 06 Mar 2017
  • Publisher: Taylor & Francis
  • Country: United States
Abstract
A crucial feature of rail privatisation in Britain was franchising. Passenger services were franchised in competitive bidding processes to train operators which were meant to function with declining subsidy. The article adopts the framework of social cost-benefit analysis to examine rail privatisation’s impact on three key groups; consumers, producers and the government. It establishes that privatisation did not achieve all the supposed benefits. Further, franchising only appears to be profitable through the use of calculative accounting practices, whereby franchised train operators are portrayed as discrete business entities, whereas they are supported by very ...
Subjects
free text keywords: HJ, Business, Management and Accounting (miscellaneous), Business and International Management, History, Government, International trade, business.industry, business, Industrial organization, Economics, Bidding, Subsidy, Accounting practices
Communities
Digital Humanities and Cultural Heritage
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publication . Article . 2017

‘A highly successful model’? The rail franchising business in Britain

Robert Jupe; Warwick Funnell;