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.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/29485010
• Corporate Authors:

  Elsevier

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

Language

• English

Media Info

• Features: References; Tables;
• Pagination: p. 105-115
• Serial:
  • Transport Policy
  • Volume: 7
  • Issue Number: 2
  • Publisher: Elsevier
  • ISSN: 0967-070X
  • Serial URL: http://www.elsevier.com/locate/issn/096707X

Subject/Index Terms

• TRT Terms: Bus transportation; Economic policy; Government agencies; Laws and legislation; Market assessment; Market structure; Transportation policy
• Identifier Terms: National Bus Company (United Kingdom)
• Uncontrolled Terms: Tilling Mark II effect
• Geographic Terms: United Kingdom
• Subject Areas: Administration and Management; Economics; Highways; Law; Motor Carriers; Policy; I10: Economics and Administration;

Filing Info

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