Schedule jockeying and route swamping: bus markets in Britain need kerb rights |
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Authors: | Daniel B. Klein Adrian T. Moore |
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Affiliation: | Daniel B Klein is Associate Professor of Economics at Santa Clara University, California;Adrian T Moore is Associate Director for Economic Studies, The Reason Foundation, Los Angeles, California. |
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Abstract: | The experience of British bus deregulation has resulted in less on-the-road competition than anticipated, and a high degree of industry concentration We argue that the specific form of deregulation in Britain has created a property rights problem in the cultivation of passenger congregations at the kerb. The result has been schedule jockeying and route swamping . From a property rights perspective, the disappointing results can be seen as a commons problem. A nuanced approach to property rights at bus stops, permitting scheduled service to appropriate its investment in cultivating passenger congregations, and allowing freewheeling jitneys to compete on the route, could bring the benefits that many had expected from deregulation. |
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