The Limits to Competition in Urban Bus Services in Developing Countries
The authors make 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 gone through several phases. The 1980s and 1990s were characte...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, D.C.
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/02/3209477/limits-competition-urban-bus-services-developing-countries http://hdl.handle.net/10986/14787 |
| Summary: | The authors make 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 gone through several phases. The
1980s and 1990s were characterized by liberalization of the
sector from public ownership and monopoly provision. The
experience of several countries, in particular Chile,
indicates that a full liberalization of the sector may not
be the welfare-maximizing option. The authors discuss the
market failures that justify this claim and present the
regulatory options available in this emerging new role of
government. Throughout the paper they illustrate ideas with
examples from Chile, Colombia, and a few other countries. |
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