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Communication Dans Un Congrès Année : 2018

A Retrospective Merger Analysis in the Long-Distance Bus Industry in France

Résumé

This study estimates the price effects of horizontal mergers in the French long-distance bus industry. We examine two mergers that followed the 2015 deregulation Act of the Macron Law. Using a unique and exhaustive database, we identify price effects by comparing bus routes affected by mergers to unaffected routes using difference-in-difference estimations with propensity score matching. We find that the two mergers following industry deregulation seem to be associated with price increases and no efficiency gains. Those price increases are diminishing over time.
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Dates et versions

halshs-01839981 , version 1 (16-07-2018)

Identifiants

  • HAL Id : halshs-01839981 , version 1

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Thierry Blayac, Patrice Bougette. A Retrospective Merger Analysis in the Long-Distance Bus Industry in France. Conference of the International Transportation Economics Association (ITEA), Jun 2018, Hong Kong, China. ⟨halshs-01839981⟩
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