A MACROSCOPIC TAXI MODEL FOR PASSENGER DEMAND, TAXI UTILIZATION AND LEVEL OF SERVICES

In most urban areas taxi services are subject to various types of regulation such as entry restriction and price control. However, effective intervention depends on generating and using suitable information on the demand-supply equilibrium of the taxi market. This paper develops a simultaneous equation system of passenger demand, taxi utilization, and level of services based on a taxi service situation found in the urban area of Hong Kong over the last 10 years. A set of variables is introduced that includes a number of licensed taxis, taxi fare, disposable income, and occupied taxi journey time as exogenous variables, and daily taxi passenger demand, passenger waiting time, taxi availability, taxi utilization, and average taxi waiting time as endogenous variables. These variables are coupled together through a system of nonlinear simultaneous equations whose parameters are estimated from survey data. The simultaneous equation system can be used to obtain regulatory information to assist with decisionmaking concerning restrictions over the number of taxi licenses and the fixing of the taxi fare structure as well as a range of service quality control.

  • Availability:
  • Corporate Authors:

    Kluwer Academic Publishers

    P.O. Box 17
    Dordrecht,   Netherlands 
  • Authors:
    • Yang, Huajie
    • Lau, Y W
    • Wong, S C
    • Lo, H K
  • Publication Date: 2000

Language

  • English

Media Info

  • Features: Figures; References; Tables;
  • Pagination: p. 317-340
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00798668
  • Record Type: Publication
  • ISBN: 3-540-67445-4
  • Files: TRIS, ATRI
  • Created Date: Sep 5 2000 12:00AM