Competitive tendering of local bus services in Germany has received increased attention. Employing Seemingly Unrelated Regression analyses, we observe that prices have regionally varying determinants; for example, while prices throughout most of the federal state of Hesse increase over time,...

Competitive tendering of local bus services has received increased attention in Germany, but little is known about the factors affecting tendering prices. Based on a comprehensive dataset of 157 tender procedures, we show that contract prices have regionally varying determinants and...

Competitive tendering of local bus services in Germany has received increased attention. Employing Seemingly Unrelated Regression analyses, we observe that prices have regionally varying determinants; for example, while prices throughout most of the federal state of Hesse increase over time,...