What can be Expected from Mergers After Deregulation? The Case of the Long-Distance Bus Industry in France.

Rev Ind Organ · 2023 · PMC9392445 · PMID 36034338

Europe PMC DOI

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highly significantno p-value reported

Given the positive and highly significant coefficient for each interaction term, the results show that prices rose for the treatment group: the links that were direct overlaps for the mergers between FlixBus and Megabus and between Ouibus and Starshipper.

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weakly significantno p-value reported

Over the three post-merger quarters, all three configurations (A, B, or AB) lead to a reduction in frequencies although the B scenario is associated with the smallest reductions in frequencies: The coefficients that are associated with some quarters—for example Q1-2017—are not statistically significant (or are weakly significant). 35 Apart from the variables that are specific to the DiD method, the econometric results show that distance ( KM ) plays a negative role in the scheduling frequencies on a given link.

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Quoted from the open-access full text in Europe PMC under the licence the publisher applied. The sentence is reproduced exactly as published; the emphasis is ours.