Deregulation, competition, and consolidation : the case of the German interurban bus industry


Dürr, Niklas S. ; Heim, Sven ; Hüschelrath, Kai


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URL: https://ub-madoc.bib.uni-mannheim.de/39736
URN: urn:nbn:de:bsz:180-madoc-397362
Document Type: Working paper
Year of publication: 2015
The title of a journal, publication series: ZEW Discussion Papers
Volume: 15-061
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > Zentrum für Europ. Wirtschaftsforschung (ZEW)
MADOC publication series: Veröffentlichungen des ZEW (Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: L11 , L41 , L92 , K21 , K23,
Keywords (English): Germany , deregulation , competition , merger , interurban bus services
Abstract: We provide an empirical assessment of the German interurban bus industry two years after its deregulation in January 2013. In addition to a general description of key developments of the industry, we use a unique route-level price data set to study both competitive interaction in general and the potential price effects of a recently announced merger of the two largest players in the market in particular. We find that route-level average prices, inter alia, do not only depend on the number of competitors but especially on the composition of firms operating on a particular route. Although our empirical results suggest short-term price increases on certain route types post-merger, it remains an open question whether the merger should be classified as anticompetitive.

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