London bus tendering: a welfare balance

David Kennedy

Transport Policy, 1995, vol. 2, issue 4, 243-249

Abstract: Competitive tendering for bus services was introduced to London in 1984. Tendering has reduced costs in the London bus industry. In addition to this service quality has been improved. Various estimates of the net benefit attributable to tendering are provided. The highest estimated net benefit is 380 million.

Date: 1995
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