INFORMATION AND PRICE DETERMINATION IN TAXI MARKETS

The article examines contemporary arguments being used to justify price regulation in taxi markets. It is shown that in the main these arguments imply a lack of information by consumers. While it is clear that this may have once been a problem in taxi markets, it is shown that, at least in more recent times, these informational deficiencies should no longer be exaggerated.

• Corporate Authors:

  University of Illinois, Urbana-Champaign

  Bureau of Economic and Business Research, 428 Commerce West
  Urbana, IL  United States  61801
• Authors:
  • Williams, D J
• Publication Date: 1980

Media Info

• Pagination: p. 36-43
• Serial:
  • QUARTERLY REVIEW OF ECONOMICS AND BUSINESS
  • Volume: 20
  • Issue Number: 4

Subject/Index Terms

• TRT Terms: Consumers; Information dissemination; Markets; Prices; Regulations; Taxicabs
• Subject Areas: Data and Information Technology; Economics; Highways; Law; Society; I10: Economics and Administration;

Filing Info

• Accession Number: 00341529
• Record Type: Publication
• Files: TRIS
• Created Date: Nov 23 1981 12:00AM