URBAN TRANSPORT: STUDIES IN ECONOMIC POLICY. CHAPTER 11: REGULATION OF TAXIS

This paper, first published in 1973, discusses in the context of the London trade, how far the regulation of taxis is desirable. Regulatory instruments fall into three broad classes - monopoly rights, entry conditions and fare control. The London industry which has free entry, i.e. no restriction on numbers of drivers and cabs, is compared with the industries of Liverpool, Manchester and Birmingham, all having a restriction on numbers. There is some evidence that where entry restriction is combined with control of fare structure, the quality of service offered to the customer is lower. Problems arise as supply of taxis cannot adjust to changes in real costs over any lengthy period when fares are held constant and the value of money falls. The case for a second type of cab offering a less efficient service at lower cost is argued. The author concludes that no limit should be introduced on the numbers of cabs and drivers operating in London; he suggests that the current limits in provincial cities might beneficially be removed. /TRRL/

  • Corporate Authors:

    Butterworth and Company Publishers Limited

    88 Kingsway
    London,   England 
  • Authors:
    • Beesley, M E
  • Publication Date: 1973

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  • Accession Number: 00261519
  • Record Type: Publication
  • Source Agency: Transport and Road Research Laboratory (TRRL)
  • Files: ITRD, TRIS
  • Created Date: Nov 12 1981 12:00AM