CONTESTABILITY IN THE UK BUS INDUSTRY? THE NATIONAL BUS COMPANY, AND THE "TILLING MARK II" EFFECT

Contestable Market theory has been described as the 'Fourth Age of Transport Policy.' Politicians and economists applied this theory to achieve lower output cost without a need for structural change. In the U.K., this theory provided the rationale behind the 1984 'Buses' White Paper. However, the subsequent atomization of the National Bus Company ordered by Nicholas Ridley, the then Secretary of State for Transport, went against the contestability theory. The subsequent reoligopization of the industry merely revisited the past and could be described as the Tilling Mark II effect.

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  • Corporate Authors:

    Elsevier

    The Boulevard, Langford Lane
    Kidlington, Oxford  United Kingdom  OX5 1GB
  • Authors:
    • Langridge, R
    • Sealey, R
  • Publication Date: 2000-4

Language

  • English

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Filing Info

  • Accession Number: 00798788
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Sep 26 2000 12:00AM