Une analyse des premières fusions entre opérateurs sur le marché du bus longue distance en France: évaluation empirique de l’impact sur les tarifs

Thierry Blayac and Patrice Bougette ()
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Patrice Bougette: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur

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Abstract: This study estimates the price effects of horizontal mergers in the French long-distance bus industry. We examine two mergers that followed the 2015 deregulation Act of the Macron Law. Using a unique and exhaustive database, we identify price effects by comparing bus routes affected by mergers to unaffected routes using difference-in-difference estimations with propensity score matching. We find that the two mergers following industry deregulation seem to be associated with price increases and no efficiency gains.

Keywords: M&A; Long-distance bus industry; Deregulated industries; Consolidation; Ex-post analysis; Difference-in-difference estimation; Macron Law (search for similar items in EconPapers)
Date: 2018-06-06
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Published in 1ere Rencontres Francophones Transport Mobilité, Jun 2018, Lyon, France

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01818232

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