Figure A6.
The chart displays average bid price ratios for several cities and towns, categorised under three groups: competition, winners of the 95 percent rule, and losers of the 95 percent rule. The vertical axis on the left represents the average bid price ratio, and the axis on the right indicates the number of bids. Vertical bars show the number of wins and losses for each location, while points represent average bid price ratios for successful and unsuccessful bids. The figure reveals that locations like Matsuyama and Iyo have higher numbers of successful bids, while others such as Seiyo and Ozu exhibit higher losses. The relationship highlights how bid performance and ratio compliance vary across different areas.Company M-2’s average bid price ratios and the number of successful and unsuccessful participation counted separately by municipalities in Ehime Prefecture during the research period
Source: Author’s own work