The Debate on Bus Deregulation

Dr Hibbs argues for constraints upon the 'twin evils' that might be expected to arise in an unregulated market - the fly-by-night operator seeking a quick profit, and the large undertaking 'competing to kill' and thus stifling initiative and innovation, but adds the proviso that it might be possible to dismantle even these constraints after a period of adjustment.   

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Omega Report - Expenditure and Taxation Policy