Does Competition for the Field Improve Cost Efficiency? Evidence from the London Bus Tendering Model
In this paper we investigate the relationship between auctions’ results and the number of bidders for local transportation contracts in London. Using an original database concerning 294 local transportation routes we find that a higher number of bidders is associated with a lower cost of service. This finding, in addition of being one of the first empirical test of a crucial and understudied theoretical issue has important policy implications, especially for countries in which bids are organized such that only few bidders are allowed to answer (e.g. France).
|Date of creation:||13 Sep 2006|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: ++49 / (0)30 / 314 - 25 048
Fax: ++49 / (0)30 / 314 - 26 934
Web page: http://www.cni.tu-berlin.deEmail:
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:cni:wpaper:2006-14. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Fabian Kirsch)The email address of this maintainer does not seem to be valid anymore. Please ask Fabian Kirsch to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.