Benchmarking and Regulation in Transport

Edited by Chris Nash, Research Professor, Institute for Transport Studies, University of Leeds, UK and Visiting Professor, Masaryk University, Czech Republic and Ginevra Bruzzone, Senior Fellow, Luiss School of European Political Economy, Italy

• Contents:Foreword by Andrea Camanzi xiPreface xiiiPART I BACKGROUND1 The role of benchmarking in efficiency-enhancing strategies 2Chris Nash and Ginevra Bruzzone2 Methodology 11Andrew Smith, Giovanni Fraquelli and Carlo Cambini3 The issue of data 44Ginevra Bruzzone and Chris NashPART II BENCHMARKING AND REGULATION INTHE DIFFERENT TRANSPORT MODES4 Benchmarking in roads and tolled highways 53Carlo Cambini and Chris Nash5 Rail benchmarking 72Andrew Smith and Chris Nash6 Local public transport 92Giovanni Fraquelli7 Seaports and airports 118Eddy Van de Voorde and Chris NashPART III LEARNING FROM EXPERIENCE: SOMECASE STUDIES8 Rail in Britain 138Chris Nash and Andrew Smith9 Belgian ports and airports 152Eddy Van de VoordePART IV THE INTERPLAY WITH COMPETITION POLICY10 The interplay of regulation and State aid control in thetransport sector 171Ginevra Bruzzone11 Benchmarking in EU antitrust law 192Ginevra BruzzonePART V CONCLUSION12 Conclusion: benchmarking and regulation in transport 201Ginevra Bruzzone and Chris NashIndex

‘Benchmarking has become an important tool for sectors such as transport where there is limited direct competition. It aids both regulators and the operators themselves to identify best practice and enhance performance. This valuable volume brings together a comprehensive analysis of the economics of benchmarking, how to benchmark effectively, and applications to individual modes of transport and case studies. The authors are internationally recognised academic authorities in the field but also bring considerable experience of applying benchmarking in practice.’