What does an incumbent bus company do when faced with low-price competition? One solution is to raise the competition’s costs by suing. But even I’ll admit that lawsuits are more civil than the violence that characterizes recent competition amongst the smaller bus lines. (Barry Newman, “On the East Coast, Chinese Buses Give Greyhound a Run”, Wall Street Journal, Jan. 28).
Greyhound v. Chinatown buses
What does an incumbent bus company do when faced with low-price competition? One solution is to raise the competition’s costs by suing. But even I’ll admit that lawsuits are more civil than the violence that characterizes recent competition amongst the smaller bus lines. (Barry Newman, “On the East Coast, Chinese Buses Give Greyhound a Run”, […]
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