The Economic Regulation of Intercity Bus Transportation (work)

Economic regulation of intercity bus transportation involves government oversight to ensure fair pricing, prevent monopoly practices, and promote safety and accessibility. Regulators set rules on routes, fares, and service quality to protect consumers and maintain a competitive market. This oversight balances the interests of bus companies with public needs, encouraging efficient operations while avoiding excessive prices or service cuts. Essentially, regulation helps create an orderly, fair system where travelers can access affordable, reliable intercity bus services.