Mixed Oligopoly in Public Transport: the Case of Moscow City Buses

Student: Han Hyen jin

Faculty: International College of Economics and Finance

Educational Programme: Financial Economics (Master)

Year of Graduation: 2021

This paper studies the mixed oligopoly case in Moscow bus market using theoretical framework. Coexistence of private and public operators in the market without competing each other under the price regulation can be explained through reduction in cost asymmetry by the public operator and improvement in cost efficiency and quality by private operator being a benchmark for the public firm. Mixed delivery is optimal when there is large asymmetry in costs, uncertainty in the economy, high correlation between public and private firms and high level of shadow costs.

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