POLICY / ACADEMIA
The following academic articles provide valuable insight into why public transport (bus) assets are best kept in private hands, not public hands.
Hensher DA and Stanley J 2008 'Transacting under a performance-based contract: The role of negotiation and competitive tendering', Transportation Research A (Special Issue: Institutional Reform in Land Passenger Transport), vol.42:9, pp. 1143-1151
Stanley J and Hensher DA 2008 'Delivering trusting partnerships for route bus services: A Melbourne case study', Transportation Research A (Special Issue: Institutional Reform in Land Passenger Transport), vol.42:10, pp. 1295-1301
Stanley J and Hensher DA 2004 'Melbourne's public transport franchising: Lessons for PPP's', Australian Accounting Review, vol.14:2, pp. 42-50
Stanley J 2011 'Public Transport Liberalization: Achievements and Future Directions' in International Handbook of Network Industries: The Liberalization of Infrastructure, ed. M.Finger and R.Künneke, Edward Elgar Publishing, Cheltenham, United Kingdom, pp. 269-89
Stanley J 2016 'Moving People: Solutions for Policy Thinkers - National Guidelines: Bus Services Procurement and Bus Service Contracts (Policy Paper 7)',
Wallis, I., & Hensher, D. A. (2007). Competitive tendering for urban bus service cost impacts: international experience and issues. In R. Macário, J. M. Viegas, & D. Hensher (Eds.), Competition and ownership in land passenger transport (pp. 453e488). Oxford: Elsevier Science.
Hensher, D. (2015), Cost Efficiency under Negotiated Performance-based Contracts and Benchmarking: Are There Gains Through Competitive Tendering in the Absence of an Incumbent Public Monopolist?, Journal of Transport Economics and Policy, 49(1), 133-148.
Shleifer, A. (1998), State versus private ownership, Journal of Economic Perspectives 12 (4), 133-150