Amaral, Miguel; Saussier, Stéphane; Yvrande-Billon, Anne - In: Journal of Transport Economics and Policy 47 (2013) 1, pp. 17-34
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...