Microstructure in Transport Markets: An Analysis of a Detailed Database on New York City Taxicabs
Most markets are partitioned into segments that can be quite different from one another. In other words most markets consist of structures that make up a mosaic which add up to one rather than being a unified entity that acts as one. Market microstructure -- the study of these market substructures and their effects on market outcomes -- is applied to the taxicab market in New York City. Using a richly detailed database on taxi cab rides, origins, destinations and time-of-day patterns are presented and assessed and then categorized in terms of the market microstructures they constitute. The implications of these microstuctures for policy in New York City and beyond are then discussed.
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Supplemental Notes:
- This paper was sponsored by TRB committee AP060 Paratransit. Alternate title: Microstructure in Transport Markets: Analysis of Detailed Database on New York City Taxicabs.
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Corporate Authors:
500 Fifth Street, NW
Washington, DC United States 20001 -
Authors:
- Gordon, Cameron
- Kress, Michael
- Peters, Jonathan
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Conference:
- Transportation Research Board 93rd Annual Meeting
- Location: Washington DC
- Date: 2014-1-12 to 2014-1-16
- Date: 2014
Language
- English
Media Info
- Media Type: Digital/other
- Features: Figures; Maps; References; Tables;
- Pagination: 15p
- Monograph Title: TRB 93rd Annual Meeting Compendium of Papers
Subject/Index Terms
- TRT Terms: Markets; Microstructure; Origin and destination; Periods of the day; Policy; Taxicabs
- Geographic Terms: New York (New York)
- Subject Areas: Economics; Highways; Planning and Forecasting; I72: Traffic and Transport Planning;
Filing Info
- Accession Number: 01514851
- Record Type: Publication
- Report/Paper Numbers: 14-1895
- Files: TRIS, TRB, ATRI
- Created Date: Feb 21 2014 3:16PM