How many want to drive the bus? analyzing the number of bids for public transport bus contracts

Andreas Vigren ()
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Andreas Vigren: VTI, Postal: Centrum för Transportstudier (CTS), Teknikringen 10, 100 44 Stockholm, Sweden

No 2017:13, Working papers in Transport Economics from CTS - Centre for Transport Studies Stockholm (KTH and VTI)

Abstract: This paper examines how different factors relating to contract characteristics, and the operational and tender environment affect the number of unique bidders placing bids in tenders for bus contracts. A generalized Poisson model is used with a comprehensive data set containing most of the recently tendered bus contracts in Sweden, spanning the period 2007-2015. The main finding from the analysis is that most contract characteristics change participation in tenders by around 0.1-0.5 bidders. Operator-restricting measures, such as special requirements on buses, have a similar limited effect. Further, the number of tenders that are open at the same time as a specific tender was shown to reduce participation by almost 2 bidders. Finally, there is evidence that the local competitive environment is of importance, and the public transport authorities therefore need to be concerned with entry barriers in their tenders.

Keywords: Tendering; Bidding; Bus; Public transport; Contract design; Count data (search for similar items in EconPapers)
JEL-codes: C31 H57 L11 L16 L91 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2017-11-14
New Economics Papers: this item is included in nep-eur, nep-tre and nep-ure
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http://www.transportportal.se/swopec/CTS2017-13.pdf (application/pdf)

Related works:
Journal Article: How many want to drive the bus? Analyzing the number of bids for public transport bus contracts (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:ctswps:2017_013

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