Topics

The underlying conditions required in order to ensure that competitive pressures on transport operators are maximised

That such a level of ‘maximum’ competition ensures that economic efficiency is attained in the provision of transport services

A definition for what constitutes ‘market failure’ in transport markets.

The imperfect market structures of monopoly and oligopoly and their high prevalence in transport markets

The main sources of barriers to entry into transport markets

The disadvantages and advantages of imperfect markets in the provision of transport services

The tendency for competitive transport markets to veer towards imperfect market structures through company mergers and acquisitions

One perspective of the process of competition and how industry structure may change and evolve over time

Presentation

Readings