CONTRACTS, COMPETITIVE BIDDING AND MARKET FORCES: RECENT EXPERIENCE IN THE SUPPLY OF LOCAL BUS SERVICES. 13TH AUSTRALASIAN TRANSPORT RESEARCH FORUM, CHRISTCHURCH, NEW ZEALAND, 18-21 JULY 1988; FORUM PAPERS. VOLUME 1 AND 2

Competitive tendering for local bus services is growing in popularity in many countries. It represents one alternative mechanism for promoting the forces of competition to achieve in an essentially regulated environment, the results expected from economic deregulation. In this paper we assess the recent experience in London with competitive tendering and consider why London regional transport (lrt) changed its mind on competitive tendering as a singular basis for determining the supply of scheduled route services. We draw on the economic theory of market dominance to highlight the role of information asymmetry and strategic firm behaviour as two forces contributing to the suboptimality of competitive bidding in the absence of the opportunity for unrestricted competition. (Author/TRRL) (Author/TRRL)

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/0477052096
• Corporate Authors:

  Ministry of Transport, New Zealand

  38-42 Waring Taylor Street, P.O. Box 3175
  Wellington,   New Zealand 
• Authors:
  • Hensher, D A
  • Beesley, M E
• Publication Date: 1988

Media Info

• Features: References;
• Pagination: p. 273-83
• Serial:
  • Publication of: Ministry of Transport, New Zealand
  • Publisher: Ministry of Transport, New Zealand

Subject/Index Terms

• TRT Terms: Administration; Buses; Competition; Conferences; Contracts; Costs; Deregulation; Economic efficiency; Economic factors; Economics; Evaluation; Legislation; Level of service; Planning; Public transit; Subsidies; Tenders; Theory; Transportation; Urban areas
• Uncontrolled Terms: Decreases
• Geographic Terms: United Kingdom
• ITRD Terms: 155: Administration; 137: Bid; 235: Competition; 8525: Conference; 146: Contract; 224: Cost; 9009: Decrease; 144: Deregulation; 237: Economic efficiency; 263: Economics of transport; 9020: Evaluation (assessment); 244: Financing; 1556: Legislation; 653: Level of service; 143: Planning; 744: Public transport; 137: Tender; 9078: Theory; 8119: United Kingdom; 313: Urban area
• Subject Areas: Administration and Management; Economics; Finance; Planning and Forecasting; Society; Transportation (General);

Filing Info

• Accession Number: 00492891
• Record Type: Publication
• Source Agency: ARRB
• ISBN: 0-477-05209-6
• Files: ITRD, TRIS
• Created Date: May 31 1990 12:00AM