Transcription of Regulation in Transport: The Practice - ESCAP
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Regulation in Transport: The Practice - ESCAP
83 IV. Regulation IN transport : THE Practice A. Introduction Many governments implementing economic reforms in recent years have increased the role of the private sector in the provision of transport infrastructure facilities and services. Instead of eliminating the need for Regulation such reforms have emphasized the need for effective Regulation and regulatory institutions for a number of reasons, including: ! The existence of natural monopolies; ! The limitations of competition for the market ; ! The existence of assymetric information between transport operators and regulators; !
Affordability. However, it has become increasingly recognized that monopoly per se is unlikely ... Excessive operating costs Πfor example, public transport costs per passenger kilometre have been shown to differ by 100 per cent and more as between public ... other developing countries were Brazil = 7.4; India = 4.3; Philippines = 6.1; Turkey ...
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