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| Author: | Gómez-Lobo, A. |
| Title: | Why competition does not work in urban bus markets: Some new wheels for some old ideas |
| Journal: | Journal of Transport Economics and Policy
2007 : MAY, VOL 41:2, p. 283-308 |
| Index terms: | liberalization monopoly prices transport |
| Freeterms: | price dispersion |
| Language: | eng |
| Abstract: | This article discusses the priving equilibrium of a competitive bus market based on ideas borrowed from the job search and price disperison literature.The study suggests that collusion is not required to obtain a monopoly price structure; it can rather be interpreted as a coordination device among operators to reach their most preferred equilibrium. The author argues that the results rationalize some facts found in deregulation experiences around the world. |
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