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The impact of ‘competition for the market’ regulatory designs on intercity bus prices

Author

Listed:
  • Anna Matas

    (Universitat Autònoma de Barcelona & IEB)

  • Javier Asensio

    (Universitat Autònoma de Barcelona & IEB)

Abstract

Spain regulates its intercity bus market by means of a ’competition for the market’ mechanism, whose design has been modified several times in the last years. This implies that current services are operated under contracts whose conditions are heterogeneous. We take advantage of such fact to empirically measure the impact that regulatory designs may have on fares paid by the users. The results show very large differences between routes whose contracts were awarded under relatively open conditions compared to regionally regulated routes or very old contracts whose concessions were extended and have not been retendered.

Suggested Citation

  • Anna Matas & Javier Asensio, 2021. "The impact of ‘competition for the market’ regulatory designs on intercity bus prices," Working Papers 2021/06, Institut d'Economia de Barcelona (IEB).
    • Handle: RePEc:ieb:wpaper:doc2021-06
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    File URL: https://ieb.ub.edu/ca/publication/2021-06-the-impact-of-competition-for-the-market-regulatory-designs-on-intercity-bus-prices/
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    More about this item

    Keywords

    Intercity buses; prices; tendering; competition for the market.;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy

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