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London bus tendering: a welfare balance

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  • Kennedy, David

Abstract

Competitive tendering for bus services was introduced to London in 1984. Tendering has reduced costs in the London bus industry. In addition to this service quality has been improved. Various estimates of the net benefit attributable to tendering are provided. The highest estimated net benefit is 380 million.

Suggested Citation

  • Kennedy, David, 1995. "London bus tendering: a welfare balance," Transport Policy, Elsevier, vol. 2(4), pages 243-249, October.
    • Handle: RePEc:eee:trapol:v:2:y:1995:i:4:p:243-249
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    References listed on IDEAS

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    1. Walters, A. A., 1982. "Externalities in urban buses," Journal of Urban Economics, Elsevier, vol. 11(1), pages 60-72, January.
    2. Domberger, S & Meadowcroft, S & Thompson, D, 1987. "The impact of competitive tendering on the costs of hospital domestic services," Fiscal Studies, Institute for Fiscal Studies, vol. 8(4), pages 39-54, November.
    3. Viton, Philip A, 1981. "A Translog Cost Function for Urban Bus Transit," Journal of Industrial Economics, Wiley Blackwell, vol. 29(3), pages 287-304, March.
    4. Domberger, S & Meadowcroft, S & Thompson, D J, 1986. "Competitive tendering and efficiency: the case of refuse collection," Fiscal Studies, Institute for Fiscal Studies, vol. 7(4), pages 69-87, November.
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    1. Preston, John & Almutairi, Talal, 2013. "Evaluating the long term impacts of transport policy: An initial assessment of bus deregulation," Research in Transportation Economics, Elsevier, vol. 39(1), pages 208-214.
    2. Preston, John & Almutairi, Talal, 2014. "Evaluating the long term impacts of transport policy: The case of bus deregulation revisited," Research in Transportation Economics, Elsevier, vol. 48(C), pages 263-269.

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