John, Peter; Ward, Hugh; Dowding, Keith
Public bodies adopt procedures for the competitive bidding for funds in the belief that they improve public welfare, while critics regard such practices as a waste of resources and open to political manipulation. We test the operation of a competitive bidding regime through Tobit models of data drawn from successful and unsuccessful bids in four years of the Single Regeneration Budget programme in England. We derive hypotheses from a model of competitive bidding, the official evaluation of the...[Show more]
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