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  USA  52242
  • Authors:
    • Lee Jr, D
    • Valle, A
  • Publication Date: 0

Media Info

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

Subject/Index Terms

Filing Info

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