The limits to competition in urban bus services in developing countries

Antonio Estache and Andres Gomez-Lobo

Working Papers from University of Chile, Department of Economics

Abstract: This paper makes the case for the return of regulation in the organization of urban bus services in developing countries. During the past three decades urban public transport policy has transversed several phases. From public ownership and monopoly provision, the eighties and nineties was characterized by liberalization of the sector. The experience of several countries, in particular Chile, indicates that liberalizing the sector may not be the welfare maximizing option. This paper discusses the market failures that justify this claim and presents the regulatory options available in this emerging new role of government. Throughout the paper we illustrate ideas with examples from Chile, Colombia and a few other countries.

Keywords: transport; efficiency; regulation (search for similar items in EconPapers)
JEL-codes: D43 L51 L92 (search for similar items in EconPapers)
Date: 2003-12
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Limits to competition in urban bus services in developing countries (2004)
Working Paper: The limits to competition in urban bus services in developing countries (2004)
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