Who Will Hail Taxis in a Deregulated Market?
Author InfoSchuurmans-Stekhoven, James B. (Commonwealth Grants Commission, Braddon, Australia) Abstract Based on partial equilibrium analysis (PEA), Gaunt and Black (1994) and (1996) call for the immediate deregulation of the taxi industry. However, market failures-such as imperfect information, policing costs, price discrimination and fraud-may limit the benefits from deregulation and may, on occasions, result in higher taxi fares. This paper questions the merits of using PEA to analyse deregulation of the taxi industry, but does not claim that current regulations are socially optimal. Download InfoTo download: If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
