Why Local Authorities Partner With Regional Railways In Russia?
Access status:
Open Access
Type
Conference paperAuthor/s
Dementiev, AndreiAbstract
The paper studies the process of PPP formation on the suburban passenger transport in Russia. Empirical evidence on the nature of relationship between local authorities and regional railway undertakings has been provided to rationalise basic assumptions made in the theoretical model. The theoretical findings show that PPP arrangement provides better incentives to invest in quality of services though direct welfare comparison with Compensatory Agreements is not possible due to different objectives of the parties.The paper studies the process of PPP formation on the suburban passenger transport in Russia. Empirical evidence on the nature of relationship between local authorities and regional railway undertakings has been provided to rationalise basic assumptions made in the theoretical model. The theoretical findings show that PPP arrangement provides better incentives to invest in quality of services though direct welfare comparison with Compensatory Agreements is not possible due to different objectives of the parties.
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Date
2009-01-01Licence
Copyright the University of SydneyCitation
International Conference Series on Competition and Ownership in Land Passenger Transport – 2009 – Delft, The Netherlands – Thredbo 11Share