Why competition does not work in urban bus markets: Some new wheels for some old ideas

Journal of Transport Economics and Policy

Volumn 41, Issue 2, 2007, Pages 283-308

  Gómez Lobo, Andrés ^a  

^a UNIVERSITY OF CHILE   (Chile)

Author keywords

[No Author keywords available]

Indexed keywords

BUS TRANSPORT; COMPETITION (ECONOMICS); LIBERALIZATION; MONOPOLY; NUMERICAL MODEL; URBAN TRANSPORT;

EID: 34249801210     PISSN: 00225258     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (29)

1. Beesley, M. E. (1990): 'Collusion, predation and merger in the UK bus industry', Journal of Transport Economics and Policy, 24(3), 295-310.
2. Burdett, K. and K. L. Judd (1983): 'Equilibrium price dispersion', Econometrica, 51(4), 955-69.
3. Chadwick, E. (1859): 'Results of Different principles of Legislation and Administration in Europe; of Competition for the Field, as Compared with Competition within the Field, of Service', Journal of the Statistical Society of London, 22(3), 381-420.
4. Cruz, C. (2002): Transporte urbano para un Nuevo Santiago, Ministerio de Obras Públicas, Transporte y Telecomunicaciones, Santiago.
5. Diamond, P. A. (1971): 'A model of price adjustment', Journal of Economic Theory, 3, 156-68.
6. Díaz, G., A. Gómez-Lobo, and A. Velasco (2004): 'El transporte público en Santiago: de enemigo público a servicio público', Estudios Públicos, 96, 5-48.
7. Douglas, G. W. (1972): 'Price regulation and Optimal Service Standards', Journal of Transport Economics and Policy, 6(2), 116-27.
8. Estache, A. and A. Gómez-Lobo (2005): 'The Limits to Competition in Urban Bus Services in Developing Countries', Transport Reviews, 25(2), 139-58.
9. Evans, A. (1987): 'A Theoretical Comparison of Competition with Other Economic Regimes for Bus Services', Journal of Transport Economics and Policy, 21, 7-36.
10. Evans, A. (1988): 'Hereford: a case-study of bus deregulation', Journal of Transport Economics and Policy, 22(3), 283-306.
11. Fernandez, D. (1994): 'The modernization of Santiago's public transport: 1990-1992', Transport Review, 14(2), 167-85.
12. Fernandez, J. E. and J. De Cea (1990): 'Caracteristicas de equilibrio en un sistema de transporte publico urbano bajo condiciones de libre competencia', Revista de Ingeniería de Sistemas, VII(2), 27-43.
13. Fernandez, J. E. and J. C. Muñoz (2006): 'Privatization and Deregulation of the Urban Bus Industry: Analysis of Fare Determination Mechanisms', mimeo, Department of Transport Engineering, Catholic University of Chile.
14. Foster, C. and J. Golay (1986): 'Some curious old Practices and their relevance to equili- brium in bus competition', Journal of Transport Economics and Policy, 20(2), 191-216.
15. Gomez, L. (2000): 'Gender Analysis of Two Components of World Bank Transport Projects in Lima, Peru', The World Bank, mimeo.
16. Gómez-Ibañez, J. A. and J. R. Meyer (1997): 'Alternatives for urban bus services: an international perspective on the British Reform', Transport Reviews, 17(1), 17-29.
17. Gómez-Ibañez, J. A. (2003): 'Capture and Instability: Sri Lanka's Buses and U.S. Telephones', in A. Gómez-Ibañez, Regulating Infrastructure: Monopoly, Contracts and Discretion, Harvard University Press, Cambridge, Ch. 4.
18. Gwilliam, K. M. (2001): 'Competition in Urban Passenger Transport in the Developing World', Journal of Transport Economics and Policy, 35(1), 99-118.
19. Klein, D., A. T. Moore, and B. Reja (1997): Curb Rights: A Foundation for Free Enterprise in Urban Transit, Brookings Institution Press, Washington D.C.
20. Mortensen, D. T. (1986): 'Job Search and Labor Market Analysis', in Ashenfelter, O. and R. Layard (eds.), Handbook of Labor Economics, Volume II, North-Holland, Ch. 15.
21. Paredes, R. and Y. Baytelman (1997): 'Urban Public Transport Deregulation: the Chilean experience', Estudios de Economía, 23, 195-210.
22. Preston, J. (1991): 'Explaining competitive practices in the bus industry: the British Experience', Transportation Planning and Technology, 15, 277-94.
23. Salop, S. C. and J. E. Stiglitz (1977): 'Bargains and ripoffs: A model of monopolistically competitive price dispersion', Review of Economic Studies, 44, 493-510.
24. Salop, S. C. (1979): 'Monopolistic Competition with Outside Goods', Bell Journal of Economics, 10, 141-56.
25. Shreiber, C. (1975): 'The Economic Reasons for Price and Entry Regulation of Taxicabs', Journal of Transport Economics and Policy, 9(3), 268-79.
26. Stiglitz, J. (1989): 'Imperfect Information in the Product Market', in Schmalensee, R. and R. D. Willig (eds.), Handbook of Industrial Organization, Elsevier Science Publishers B.V., Ch. 13.
27. Stockey, N. and R. E. Lucas (with E. C. Prescott) (1989): Recursive Methods in Economic Dynamics, Harvard University Press, Cambridge, MA.
28. Sutton, J. (1991): Sunk Costs and Market Structure, MIT Press, Cambridge, MA.
29. Thomson, I. (1992): 'Urban bus deregulation in Chile', Journal of Transport Economics and Policy, 26(3), 319-27.