A Theoretical Comparison of Competition with Other Economic Regimes for Bus Services

Andrew W Evans

88 citations0/0 files storedJournal of Transport Economics and Policy

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Abstract

The author finds that competition generally leads to higher fares and higher frequencies than a regime of maximum net economic benefit subject to a requirement to break even.

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References

1990Stability in Competition 1979Monopolistic Competition with Outside Goods 1986Economic Theory of the Industry.1980Equilibrium in simple spatial (or differentiated product) models 1978Management Objectives, Fares and Service Levels in Bus Transport 2018The Allocation of Urban Public Transport Subsidy

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2005Limits to competition in urban bus services in developing countries 1986Bus Deregulation, Competition and Vehicle Size 2003Airline deregulation and external costs: a welfare analysis 2006Deregulation and welfare in airline markets: An analysis of frequency equilibria 2020Airline network competition in inter-continental market 2009Optimization of a Bus and Rail Transit System with Feeder Bus Services under Different Market Regimes 1998Optimal Bus Subsidy and Cross Subsidy with a Logit Choice Model 2017Optimizing a desirable fare structure for a bus-subway corridor

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