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Article: Will Czech trains ever reach their destinations efficiently?
- Article from:
- Independent Review
- Article date:
- September 22, 2009
- Author:
CopyrightCOPYRIGHT 2009 Independent Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Czech Office for the Protection of Competition represents Ceske Drahy (CD, Czech Railways) as a dominant firm in the market for rail freight transport. It recently forced CD to pay 270 billion Czech koruna (CZK) "for abuse of dominant position on the market for rail freight transport of large volume substrates," alleging price discrimination "without objectively justifiable reasons" (2008, 1). It is obvious that this office sees CD as a profit-seeking firm in the market for rail freight transport. (1)
The Czech railway industry (2) is subject to the authority of the Czech Ministry of Transport, which regulates the market, finances investments in ...