Bus franchising in English and Scottish regions – Viable solution or unfeasible instrument?
Villa.i.Aguilar Xavier,
Rye Tom,
Cowie Jonathan and
McTigue Clare
Transport Policy, 2022, vol. 120, issue C, 1-10
Abstract:
Much research surrounds the move from publicly owned and operated bus markets to publicly controlled and privately operated markets, or in the case of Great Britain, a fully deregulated market. Little research however exists concerning the counter move and the issues that this may raise. Such a step would be consistent with Gwilliam's regulatory cycle, which suggests that a combination of self seeking behaviour of suppliers and unrealistic aspirations of politicians leads to instability in the regulatory arrangements for the provision of bus services. Consequently, the associated structural and institutional arrangements go through a cycle of private/public ownership and competitive/regulated markets.
Keywords: Bus re-regulation; Incremental and radical policy change; Regulatory cycle; Bus economics (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:trapol:v:120:y:2022:i:c:p:1-10
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DOI: 10.1016/j.tranpol.2022.02.011
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