EVES-Rail study: Economic Effects of Vertical Separation in the rail sector
What are the consequences of separating operations and infrastructure? Is any particular model superior to others?
Rather than relying on a single methodological approach the study brings together several approaches and lines of evidence such as econometric analysis, qualitative research and practical experience.
The key findings are
- Substantial country differences within the EU call for a differentiated approach rather than a one size-fits-it-all model
- No structural model outperforms all others and competition within the railway sector does not seem to work better with vertical separation than with a holding company
- In the case of separation, coordination mechanisms are needed to overcome misalignment throughout the value chain
More information can be found on the CER website.