Efficiency in Railway Operations and Infrastructure Management Roundtable
Railways play a major role in the passenger and/or freight transport sectors in nearly all OECD countries.
The natural monopoly characteristics of rail service in some markets, driven by economies of density, result in economic regulation of railways in almost all countries. Governments are concerned, therefore, with the efficiency of the services that result, driven in part by discontent from shippers and passengers over prices. This Roundtable revisits the issue of how to define and measure efficiency, at the appropriate level of detail and with reasonably available data so that policy makers can evaluate the impact of past changes in railway structure and ownership and assess the likely outcome of future initiatives