The Dangers of Bus Re-regulation
In the 11th IEA Discussion Paper, Philip Booth asks whether world leaders at the Edinburgh G8 meeting were focusing on the right issues
A new estimate of Britain's public sector pensions burden
Professor John Hibbs examines the dangers of re-regulating the bus industry.
Hibbs developed much of the intellectual case for the 1985 Transport Act, which, as he shows, liberated the bus industry to serve passengers rather than politicians. Huge benefits flowed from the Act, but the current government, backed up by the European Union, is allowing local authorities to pursue, by stealth, a policy of promoting franchise – or competition for monopoly.
Hibb’s economic and historical analysis is compelling and should be of interest to all involved with transport policy. The monograph concludes with contributions from academics and practitioners who pay tribute to Hibbs and examine relevant aspects of transport policy.
2005, ISBN 978 0 255 36572 7, 136pp, PB
The Railways, the Market and the Government by John Hibbs et al.