Competitive tendering and cross-shareholding in public passenger transport

Mathisen Terje Andreas

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Competitive tendering and cross-shareholding in public passenger transport

机译：公共客运中的竞争性招标和交叉持股

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Competitive tendering is a widespread procurement strategy for increasing efficiency in the passenger transport industry. Motivated by the structural changes following the increased use of competitive tendering observed in the Norwegian local bus industry, this paper uses first-price single-bid auction theory to demonstrate that rational firms can respond strategically with cross-ownership when exposed to the uncertainty entailed to competitive tendering. This could raise the equilibrium bid implying that the subsidy reduction rationale for introducing competitive tendering is partly invalidated. Transport authorities should be aware of such possible structural changes when considering further implementation of competitive tendering. (C) 2016 Elsevier Ltd. All rights reserved.

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来源
《Transport policy》 |2016年第5期|45-48|共4页
作者
Mathisen Terje Andreas;
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作者单位

Nord Univ, Sch Business, NO-8049 Bodo, Norway;

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原文格式 PDF
正文语种 eng
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关键词
Auction theory; Competitive tendering; Cross-ownership; Equilibrium subsidy bid; Public transport;

机译：拍卖理论;竞争性招标;交叉所有权;平衡补贴;公共交通;

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Competitive tendering and cross-shareholding in public passenger transport

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