Scottish express coach services - loss leaders and anti-competitive practice

Over the last 16 years, the Scottish express coach industry has undergone dramatic changes. Legislation almost completely reversed the effects of the 1930 Road Traffic Act and removed quantitative controls in the industry. Express coach services were deregulated in 1980 and then privatised in 1985-86. This short paper examines structure, conduct and performance in the industry and draws conclusions about the nature of competition and the success of privatisation and deregulation.