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...

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...

In many countries, governments are pushing for the introduction of competition in the organization of public services and more broadly in public procurement. The development of public-private partnerships throughout the world is a good illustration of this trend. In order to foster competition,...

In many countries, governments are pushing for the introduction of competition in the organization of public services and more broadly in public procurement. The development of public-private partnerships throughout the world is a good illustration of this trend. In order to foster competition,...