UG240 - Quality Bus Partnerships and Market Structure
Overview
Background & policy context:
This project aimed to provide a factual and theoretical analysis of effects of Quality Partnerships to date on competitive behaviour and market structure, to monitor any such effects during the course of the project and to consider future effects, particularly with reference to legally backed partnerships. A model of the bus market with the capacity to address competition issues has been developed, tested and applied in this study and in work for CfIT 'Achieving Best Value for Public Support in the Bus Industry' as well as in this work.
Objectives:
The objectives of the study were:
to undertake a set of case studies on the effects of Quality Bus Partnerships;
to develop a simulation model of the bus market, at corridor level using real data on demand, revenue and cost, and driven by evidence-based elasticity;
to use the model to assess the economic benefit of quality partnerships and assess the impact of such agreements on market structure and performance.
Methodology:
Case studies and model development
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