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This book is an economic assessment of the behaviour and performance of the local bus industry under regulation and deregulation. Contents included: the economic characteristics of this market; the regime of regulation 1930-1986; an analysis of cross-subsidization; the deregulation story; market conduct and behaviour under deregulation; performance of the deregulated market; regulating to maintain effective competition. The work is aimed at all those with academic or practical interests in the public transport industry and regulation studies.
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