The limits to competition in urban bus services in developing countries
AbstractThe authors make the case for the return of regulation in the organization of urban bus services in developing countries. During the past three decades urban public transport policy has gone through several phases. The 1980s and 1990s were characterized by liberalization of the sector from public ownership and monopoly provision. The experience of several countries, in particular Chile, indicates that a full liberalization of the sector may not be the welfare-maximizing option. The authors discuss the market failures that justify this claim and present the regulatory options available in this emerging new role of government. Throughout the paper they illustrate ideas with examples from Chile, Colombia, and a few other countries.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 3207.
Date of creation: 01 Feb 2004
Date of revision:
Labor Policies; Roads&Highways; Economic Theory&Research; Environmental Economics&Policies; Banks&Banking Reform; Urban Transport; Inter-Urban Roads and Passenger Transport; Roads&Highways; Environmental Economics&Policies; Banks&Banking Reform;
Other versions of this item:
- Antonio Estache & Andrés Gómez-Lobo, 2003. "The limits to competition in urban bus services in developing countries," Working Papers wp205, University of Chile, Department of Economics.
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-08-16 (All new papers)
- NEP-COM-2004-08-16 (Industrial Competition)
- NEP-URE-2004-09-27 (Urban & Real Estate Economics)
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Open Access publications from Universidad Carlos III de Madrid
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