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The Possibilities of Introducing the International Tariff Setting System RAB in Russia Using the Case of JSC “Russian Railways”
This paper presents an overview of a very relevant issue: The Possibilities of Introducing the International Tariff Setting System RAB in Russia Using the Case of JSC “Russian Railways”. For a general understanding of the concept, there was provided a theoretical basis of the Regulatory Asset Base model, accompanied with foreign experience of its application in different industries. This paper argues that the present tariff regulation of JSC "Russian Railways" has a number of shortcomings and problems, as well as is worth than the model of RAB-regulation. Practical demonstration of the mechanism of the system proves its efficiency, which is supported by the theoretical description of benefits. Finally the study presents a three-years ago unrealized project of transition, explains the reasons for its failure and leads the conditions under which the RAB-model can work at the present stage.