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Expected Number of Bidders and Winning Bids: Evidence from the London Bus Tendering Model

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  • Miguel Amaral
  • Stéphane Saussier
  • Anne Yvrande-Billon

Abstract

In this paper we investigate the relationship between operating cost and number of bidders for local bus contracts in London. Using an original database on 806 calls for tender on bus routes, we find that a higher number of bidders, whether actual or expected, is associated with a lower cost of service. This finding has important policy implications, especially for countries in which only few bidders can participate (as in France). Our results indeed point out that the unbundling of an urban transport network may be a source of significant cost reductions. © 2013 LSE and the University of Bath

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  • Miguel Amaral & Stéphane Saussier & Anne Yvrande-Billon, 2013. "Expected Number of Bidders and Winning Bids: Evidence from the London Bus Tendering Model," Journal of Transport Economics and Policy, University of Bath, vol. 47(1), pages 17-34, January.
    • Handle: RePEc:tpe:jtecpo:v:47:y:2013:i:1:p:17-34
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    Cited by:

    1. Aarhaug, Jørgen & Fearnley, Nils & Gregersen, Fredrik A. & Norseng, Robert Bjørnøy, 2018. "20 years of competitive tendering in the Norwegian bus industry – An analysis of bidders and winning bids," Research in Transportation Economics, Elsevier, vol. 69(C), pages 97-105.
    2. Elisabetta Iossa & Patrick Rey & Michael Waterson, 2022. "Organising Competition for the Market," Journal of the European Economic Association, European Economic Association, vol. 20(2), pages 822-868.
    3. Waterson, Michael & Xie, Jian, 2019. "Testing for collusion in bus contracting in London," The Warwick Economics Research Paper Series (TWERPS) 1196, University of Warwick, Department of Economics.
    4. Iossa, Elisabetta & Waterson, Michael, 2019. "Maintaining competition in recurrent procurement contracts: A case study on the London bus market," Transport Policy, Elsevier, vol. 75(C), pages 141-149.
    5. Vigren, Andreas, 2018. "How many want to drive the bus? Analyzing the number of bids for public transport bus contracts," Transport Policy, Elsevier, vol. 72(C), pages 138-147.
    6. Pyddoke, Roger & Lindgren, Hanna, 2018. "Outcomes from new contracts with “strong” incentives for increasing ridership in bus transport in Stockholm," Research in Transportation Economics, Elsevier, vol. 69(C), pages 197-206.
    7. Jean Beuve & Lisa Chever, 2017. "Quality of Outsourced Services, Opportunism and Contract Design," Post-Print hal-02139517, HAL.
    8. Nayan, Ashish & Wang, David Z.W., 2017. "Optimal bus transit route packaging in a privatized contracting regime," Transportation Research Part A: Policy and Practice, Elsevier, vol. 97(C), pages 146-157.
    9. Jean Beuve & Lisa Chever, 2017. "Quality of Outsourced Services, Opportunism and Contract Design," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-02139517, HAL.

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