It is often assumed that the dominant goal of transport policy should be to maximise economic efficiency of transport operations, but this is only true if other important attributes of these operations are taken for granted. Successive policy waves of more regulation followed by more competition are observed. High intensity competition may lead to instability of transport supply or to duplication of services. Product differentiation may alleviate some of these problems, as has occurred in the air transport industry. Competition for the market, tenders and contracts are discussed. Competition and regulation are considered important instruments in the transport system which are not antagonistic. It is suggested that innovation is encouraged by short contracts with the possibility of extension if pre-established targets are achieved. Regulatory authorities also need to display a dynamic attitude to redefining regulations including preventing negative effects such as abusive competition. For the covering abstract of this conference see ITRD E128114.
Samenvatting