'Regulated deregulation' of local bus services-An appraisal of international developments

This paper focuses on recent experiences (outside developing countries) with market-initiated competition, as opposed to authority-initiated competition through competitive tendering. The paper covers the experiences of Great Britain and New Zealand, and the opposite example of Sweden were a partial deregulation will soon be implemented as a result of disappointment with earlier results of CT. It describes the expectations that came with their introduction, and some of their perceived shortcomings, and analyses the legal changes enacted to cope with revealed shortcomings. By doing so, the paper describes, compares and draws a few conclusions on the institutional evolutions that can be observed.