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Deregulation and Privatization of Britain's Local Bus Industry

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  • Savage, Ian

Abstract

In 1986, the British government deregulated the majority of the local bus industry, cut the amount of subsidy, and privatized many public bus companies. Unit costs have declined significantly, cross-subsidies have been reduced, and there has been innovation in operating practices. However, mergers have increased concentration, and demand has declined due to the turmoil of service changes and the loss of network integration. In London, an alternative policy has been adopted whereby there is Demsetz competition for short-term monopoly rights. The paper argues that this regime will lead to greater benefits in the long run. Copyright 1993 by Kluwer Academic Publishers

Suggested Citation

  • Savage, Ian, 1993. "Deregulation and Privatization of Britain's Local Bus Industry," Journal of Regulatory Economics, Springer, vol. 5(2), pages 143-158, June.
    • Handle: RePEc:kap:regeco:v:5:y:1993:i:2:p:143-58
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    Citations

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    Cited by:

    1. Klein, Daniel B. & Moore, Adrian T., 1995. "Schedule Jockeying and Route Swamping: A Property Right Interpretation of British Bus Deregulation," University of California Transportation Center, Working Papers qt53z7d31c, University of California Transportation Center.
    2. de Grange, Louis & Troncoso, Rodrigo & Briones, Ignacio, 2018. "Cost, production and efficiency in local bus industry: An empirical analysis for the bus system of Santiago," Transportation Research Part A: Policy and Practice, Elsevier, vol. 108(C), pages 1-11.
    3. Kilani, Moez & de Palma, André & Proost, Stef, 2017. "Are users better-off with new transit lines?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 103(C), pages 95-105.
    4. Christopher M Snyder & Robert P Trost & R. Derek Trunkey, 2001. "Bidding behavior in the department of defense's commercial activities competitions," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 20(1), pages 21-42.
    5. Germà Bel & Jordi Rosell, 2016. "Public and Private Production in a Mixed Delivery System: Regulation, Competition and Costs," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 35(3), pages 533-558, June.
    6. Salas, Osvaldo, 1998. "Technical Efficiency During Deregulation of the Urban Bus System in Sweden," Working Papers in Economics 4, University of Gothenburg, Department of Economics.
    7. Rosell, Jordi, 2017. "Urban bus contractual regimes in small- and medium-sized municipalities: Competitive tendering or negotiation?," Transport Policy, Elsevier, vol. 60(C), pages 54-62.
    8. Campos-Alba, Cristina M. & Prior, Diego & Pérez-López, Gemma & Zafra-Gómez, Jose L., 2020. "Long-term cost efficiency of alternative management forms for urban public transport from the public sector perspective," Transport Policy, Elsevier, vol. 88(C), pages 16-23.
    9. Epstein, Bryan & Givoni, Moshe, 2016. "Analyzing the gap between the QOS demanded by PT users and QOS supplied by service operators," Transportation Research Part A: Policy and Practice, Elsevier, vol. 94(C), pages 622-637.
    10. Zhang, Chunqin & Xiao, Guangnian & Liu, Yong & Yu, Feng, 2018. "The relationship between organizational forms and the comprehensive effectiveness for public transport services in China?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 118(C), pages 783-802.
    11. Daniel Albalate & Germà Bel & Joan Calzada, 2012. "Governance and regulation of urban bus transportation: Using partial privatization to achieve the better of two worlds," Regulation & Governance, John Wiley & Sons, vol. 6(1), pages 83-100, March.

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