Use this URL to cite or link to this record in EThOS:
Title: Pooling agreements between the railway companies involved in Anglo-Scottish traffic, 1851-1869.
Author: Channon, G.
ISNI:       0000 0001 3528 550X
Awarding Body: Royal Holloway, University of London
Current Institution: Royal Holloway, University of London
Date of Award: 1975
Availability of Full Text:
Access from EThOS:
The thesis seeks to analyse, through a case-study, the multifarious nature of competition in the railway industry of mid-nineteenth century Britain, and the extent to which railway leaders managed to reconcile their separate corporate goals with those of inter-company co-operation. The nucleus of the study is the device known as the pooling agreement. Those formed to regulate Anglo-Scottish traffic cannot be understood apart from the changes over time in the market power of the companies involved. Therefore, the motivation, timing and nature of company expansion, as well as its financial circumstances and effects, are considered in detail. It is shown that the first pools (1851-5) were mainly a response to the damaging effects of the over-expansion arising from the "Mania" of 1845-6, which spawned the last links in the original through Anglo-Scottish routes. And a major reason why these pools and their successor (1856-69) failed to realize all their potentialities was the changes in the territorial dispositions of members. Further limiting factors were the insecure legal status of pools in general and the force of coastwise shipping competition. However, some operating economies were achieved, and the collective setting of common rates and fares meant the virtual elimination of active price competition, a feature which continued after 1869 when a rates conference replaced the expired English and Scotch Agreement. Railway leaders were unable" given the recent and continuing changes in the market power of certain members (most notably the Midland Railway), to agree on the division terms of a new pool. Their failure, it is argued, partly accounts for the intensity of service competition in the last quarter of the century.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available