The impact of "competition for the market" regulatory designs on intercity bus prices
Asensio Ruiz de Alda, Francisco Javier dir. (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada)
Matas i Prat, Anna (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada)

Date:	2023
Description:	9 pàg.
Abstract:	Spain regulates its intercity bus market by means of a 'competition for the market' mechanism, whose design has been modified several times in the last years. This implies that current services are operated under contracts whose conditions are heterogeneous. We take advantage of such fact to empirically measure the impact that regulatory designs may have on fares paid by the users. Controlling for the different determinant of bus prices at route level the results show very large differences between routes whose contracts were awarded under relatively open conditions compared to regionally regulated routes or old contracts whose concessions were extended in 1987 and have not been retendered since then. The observed difference between the cheapest and the most expensive services is to a great extent explained by the difference in the regulatory designs used to award each contract.
Grants:	Agencia Estatal de Investigación RTI2018-097434-B-I00
Note:	Altres ajuts: acords transformatius de la UAB
Note:	Altres ajuts: BBVA Foundation
Rights:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original.
Language:	Anglès
Document:	Article ; recerca ; Versió publicada
Subject:	Competition for the market ; Competitive tendering ; Intercity buses ; Regulation
Published in:	Research in Transportation Economics, Vol. 100 (2023) , p. 101310, ISSN 0739-8859

DOI: 10.1016/j.retrec.2023.101310

9 p, 522.8 KB

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