The background of redesign of the franchise system in British railways

摘要

In the British railways, in spite of the growth in the number of passengers or an improvement of efficiency, the rail fares are stuck at a high level compared with other European members, and an efficiency gap exists. And separation and privatisation of rail industry in the 1990s was the main causes. That is, increase of the transaction cost accompanying fragmentation of the industry and lack of cooperation of each rail operator's incentive scheme prevented the improvement in efficiency of management. Therefore, in addition to cooperation of train operators and Network Rail, the risk assignment between the central government and PTE or the local authorities on the basis of decentralisation of francmsing is worth consideration, that recasts the budget.