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1985 Transport Act average baht bidders bids BMTA Britain bus and coach Bus Company bus deregulation bus hours bus industry bus market bus mile bus operators bus services bus-km changes coach services commercial competitive tendering contestable contractors decline Department of Transport drivers economic effect efficiency entrant entry estimated example frequency impact increase incumbent labor London Buses Limited London Regional Transport Merseyside million minibuses National Bus Company operating costs organisation output overall ownership paper paratransit passenger trip performance private operators private sector privatisation profit public agency public authority public transit firm public transit operator public transit services public transport reduced regulation request for proposals response result revenue Rhymney Valley ridership routes scheduled service levels strategy subsidy Table tendered services tickets timetables total factor productivity Transport Act Transport Economics United vehicle workshop X-inefficiency