ECONOMIC EVALUATION OF TAXICAB REGULATION

Economic efficiency and equity are evaluated by comparing a theoretical ideal market for taxi services with apparent actual performance, based upon an examination of the codes of a selected sample of cities along with other supplementary information. Two general conclusions reinforce the results of previous studies of taxi regulation: (1) market behavior is readily explainable--at least at the level presented here--in terms of economic analysis, including the organizational structure of the industry and the consequences of monopoly power; and (2) regulation of the industry, while probably necessary, has contributed greatly to the demonstrable inefficiencies that lead to higher prices and lower service than is desirable. /Author/

• Corporate Authors:

  University of Iowa, Iowa City

  Institute of Urban and Regional Research
  Iowa City, IA  United States  52242
• Authors:
  • Lee Jr, D
  • Valle, A
• Publication Date: 0

Media Info

• Features: Figures; References; Tables;
• Pagination: 22 p.

Subject/Index Terms

• TRT Terms: Economic analysis; Economic conditions; Economic efficiency; Economic impacts; Level of service; Markets; Monopoly; Prices; Regulations; Taxicabs
• Uncontrolled Terms: Efficiency; Services
• Subject Areas: Economics; Highways; Law; Planning and Forecasting; Public Transportation; Society;

Filing Info

• Accession Number: 00157177
• Record Type: Publication
• Report/Paper Numbers: Tech Report No. 70
• Files: TRIS
• Created Date: Nov 9 1981 12:00AM