The dangers of bus re-regulation : and onter perspectives on markets in transport
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Bibliographic Information
The dangers of bus re-regulation : and onter perspectives on markets in transport
（Occasional paper / Institute of Economic Affairs (Great Britain), 137）
Institute of Economic Affairs, 2005
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Includes bibliographical references
Description and Table of Contents
Description
The bus industry receives much less attention from politicians and economists than the rail industry, despite the fact that the former is more important in most areas of the country. In this important historical and economic analysis, John Hibbs shows how the bus industry gradually had its commercial freedom restrained by politicians until it became totally accountable to them, leading to what Hibbs terms the 'strange suicide of the British bus industry'. Hibbs developed much of the intellectual case for the 1985 Transport Act, which, as he shows, liberated the bus industry to serve passengers rather than politicians. Huge benefits flowed from that Act, but the current government, backed up by the European Union, is allowing local authorities to pursue, by stealth, a policy of promoting franchise - or competition for a monopoly. Hibbs' economic and historical analysis is compelling and should be of interest to all involved with transport policy.
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