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- W17232110 abstract "This paper discusses experiences of deregulation and privatisatio urban bus transit services in various parts of the world. Urban provide a useful focus, because they have been more subject to experimentation with varying forms of ownership and regulation th most other commonly provided local public services. The paper considers: (1) options and trends in urban bus services; (2) significant reforms and policy experiments; (3 basic lessons: (a) importance of competition; (b) how deregulation and privatisation reduce costs, improve productivity, and encourage more market-ori services; (c) the peril of maintaining subsidies or regulating fa (d) the limits of the economic concept of 'second best pricing'. their overall assessment of privatisation and deregulation, the authors view them as being policies from which most parties win a few lose. For example, in the UK, this combination of policies softened the effects of subsidy cuts on riders and workers, by ma the subsequent fare increases smaller than they would otherwise h been. In the developing countries, the calculation of gains and losses from privatisation often shows more favourably for all par Privatisation often generates large service expansions with littl no fare increases, even without deregulation and even when public subsidies to bus operators are simultaneously withdrawn or reduce Deregulation of fares probably offers less risk of excessive fare increases and better service quality." @default.
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- W17232110 date "1991-10-01" @default.
- W17232110 modified "2023-09-23" @default.
- W17232110 title "TRANSIT BUS PRIVATIZATION AND DEREGULATION AROUND THE WORLD: SOME PERSPECTIVES AND LESSONS" @default.
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