Contestability in the UK bus industry? The National Bus Company, and the "Tilling Mark II" effect

R. Langridge and R. Sealey

Transport Policy, 2000, vol. 7, issue 2, 105-115

Abstract: Contestable Market theory has been described as the 'Fourth Age of Transport Policy'. Politicians and economists applied this theory to achieve lower output cost without the need for structural change. In the United Kingdom, this theory provided the rationale behind the 1984 'Buses' White Paper. However, the subsequent atomisation of the National Bus Company ordered by Nicholas Ridley, the then Secretary of State for Transport, went against the contestability theory. The subsequent re-oligopolisation of the industry merely re-visited the past and could be described as the Tilling Mark II effect.

Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0967-070X(99)00027-X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:trapol:v:7:y:2000:i:2:p:105-115

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

Access Statistics for this article

Transport Policy is currently edited by Y. Hayashi

More articles in Transport Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().