IDEAS home Printed from https://ideas.repec.org/a/tpe/jtecpo/v41y2007i1p25-49.html
   My bibliography  Save this article

Privatisation and Deregulation of Urban Bus Services: An Analysis of Fare Evolution Mechanisms

Author

Listed:
  • J. Enrique Fernández
  • Juan Carlos Muñoz

Abstract

Urban bus systems have been privatised and deregulated in Britain, Santiago (Chile) and Colombo (Sri Lanka). Although similar regulations were applied in these cases, the outcomes observed were significantly different. We create an analytical model to explain such outcomes considering differing compositions of the bus fleet (number of operators competing and their frequencies of service) and passengers' valuation of time. We conclude that perfect competition is not likely to emerge in the urban bus market. However, while in some cases this economic distortion scarcely affects the results, in others it does so significantly. Our model accurately predicts the outcomes observed. © 2007 LSE and the University of Bath

Suggested Citation

  • J. Enrique Fernández & Juan Carlos Muñoz, 2007. "Privatisation and Deregulation of Urban Bus Services: An Analysis of Fare Evolution Mechanisms," Journal of Transport Economics and Policy, University of Bath, vol. 41(1), pages 25-49, January.
  • Handle: RePEc:tpe:jtecpo:v:41:y:2007:i:1:p:25-49
    as

    Download full text from publisher

    File URL: http://www.catchword.com/cgi-bin/cgi?ini=bc&body=linker&reqidx=0022-5258(20070101)41:1L.25;1-
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Anthony Ling on private buses
      by Stephen Smith in Market Urbanism on 2012-08-09 10:06:06

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Muñoz, Juan Carlos & de Grange, Louis, 2010. "On the development of public transit in large cities," Research in Transportation Economics, Elsevier, vol. 29(1), pages 379-386.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tpe:jtecpo:v:41:y:2007:i:1:p:25-49. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum). General contact details of provider: http://www.bath.ac.uk/e-journals/jtep .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.