LOCAL EXCLUSIVE CRUISING REGULATION AND EFFICIENCY IN TAXICAB MARKETS

This paper looks at the issue of exclusive cruising regulations and the impact this has on the local taxicab business. The author contends that restricting cruising in a city’s streets to taxis licensed only by that specific city creates inefficiencies for both passengers and drivers. Instead, he argues that benefits would be experienced by both groups if metropolitan regulations were substituted for municipal ones. The author first discusses the reasons for regulating taxicab markets and the potential side effects of such regulations. A model of a regulated taxicab market is used to analyze how exclusive cruising regulations may affect market efficiency. Data on taxicabs from the cities of Boston and Cambridge, Massachusetts are then used to estimate the effects of merging the taxicab fleets of both cities.

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 01005348
  • Record Type: Publication
  • Source Agency: UC Berkeley Transportation Library
  • Files: BTRIS, TRIS
  • Created Date: Oct 14 2005 8:30AM