IDEAS home Printed from https://ideas.repec.org/a/bla/ecaffa/v26y2006i2p71-73.html
   My bibliography  Save this article

Taxi Deregulation And Transaction Costs

Author

Listed:
  • Christian Seibert

Abstract

Deregulation of taxi markets has the potential to deliver significant benefits. However, it presents the problem of transaction costs and in particular problems linked with imperfect information and co‐ordination. This article argues that the use of a centralised intermediary in deregulated taxi markets can overcome these problems so that the benefits of competition are maximised, without the need for government fare regulation.

Suggested Citation

  • Christian Seibert, 2006. "Taxi Deregulation And Transaction Costs," Economic Affairs, Wiley Blackwell, vol. 26(2), pages 71-73, June.
    • Handle: RePEc:bla:ecaffa:v:26:y:2006:i:2:p:71-73
    DOI: 10.1111/j.1468-0270.2006.00634.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1468-0270.2006.00634.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1468-0270.2006.00634.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sean D. Barrett, 2003. "Regulatory Capture, Property Rights And Taxi Deregulation: A Case Study," Economic Affairs, Wiley Blackwell, vol. 23(4), pages 34-40, December.
    2. Cairns, Robert D. & Liston-Heyes, Catherine, 1996. "Competition and regulation in the taxi industry," Journal of Public Economics, Elsevier, vol. 59(1), pages 1-15, January.
    3. Benedikt Koehler, 2005. "Licence Values In Taxi Markets," Economic Affairs, Wiley Blackwell, vol. 25(2), pages 52-54, June.
    4. Gallick, Edward C & Sisk, David E, 1987. "A Reconsideration of Taxi Regulation," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 3(1), pages 117-128, Spring.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cetin, Tamer & Deakin, Elizabeth, 2019. "Regulation of taxis and the rise of ridesharing," Transport Policy, Elsevier, vol. 76(C), pages 149-158.
    2. Çetin, Tamer & Yasin Eryigit, Kadir, 2011. "Estimating the effects of entry regulation in the Istanbul taxicab market," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(6), pages 476-484, July.
    3. Çetin, Tamer & Yasin Eryigit, Kadir, 2013. "The economic effects of government regulation: Evidence from the New York taxicab market," Transport Policy, Elsevier, vol. 25(C), pages 169-177.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Çetin, Tamer & Yasin Eryigit, Kadir, 2011. "Estimating the effects of entry regulation in the Istanbul taxicab market," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(6), pages 476-484, July.
    2. Cetin, Tamer & Deakin, Elizabeth, 2019. "Regulation of taxis and the rise of ridesharing," Transport Policy, Elsevier, vol. 76(C), pages 149-158.
    3. Vignon, Daniel & Yin, Yafeng & Ke, Jintao, 2023. "Regulating the ride-hailing market in the age of uberization," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 169(C).
    4. Çetin, Tamer & Yasin Eryigit, Kadir, 2013. "The economic effects of government regulation: Evidence from the New York taxicab market," Transport Policy, Elsevier, vol. 25(C), pages 169-177.
    5. Seymour, David Thomas, 2018. "Free to cruise: Designing a market for tradable taxicab rights," Economics of Transportation, Elsevier, vol. 16(C), pages 1-20.
    6. repec:ejw:journl:v:3:y:2006:i:1:p:109-132 is not listed on IDEAS
    7. Thorsten Heilker & Gernot Sieg, 2017. "A duopoly of transportation network companies and traditional radio-taxi dispatch service agencies," Working Papers 24, Institute of Transport Economics, University of Muenster.
    8. Wong, K.I. & Wong, S.C. & Yang, Hai & Wu, J.H., 2008. "Modeling urban taxi services with multiple user classes and vehicle modes," Transportation Research Part B: Methodological, Elsevier, vol. 42(10), pages 985-1007, December.
    9. Peter Abelson, 2010. "The High Cost of Taxi Regulation, with Special Reference to Sydney," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 17(2), pages 41-72.
    10. Gorecki, Paul K., 2012. "Regulating Small Public Service Vehicles in Ireland: Is There a Problem of Oversupply?," Papers WP441, Economic and Social Research Institute (ESRI).
    11. Ting Wang & Yong Zhang & Meiye Li & Lei Liu, 2019. "How Do Passengers with Different Using Frequencies Choose between Traditional Taxi Service and Online Car-Hailing Service? A Case Study of Nanjing, China," Sustainability, MDPI, vol. 11(23), pages 1-18, November.
    12. Karadja, Mounir & Sundberg, Anton, 2023. "The labor market impact of a taxi driver’s license," Working Paper Series 2023:6, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    13. David Flath, 2012. "Why Do We Tip Taxicab Drivers?," Japanese Economy, Taylor & Francis Journals, vol. 39(3), pages 69-76.
    14. Ji, Yuxiong & Zhou, Minhang & Zheng, Yujing & Shen, Yu & Du, Yuchuan, 2024. "Urban passenger-and-package sharing transportation by e-hailing taxis: A simulation-based pricing analysis in shanghai," Transport Policy, Elsevier, vol. 156(C), pages 138-151.
    15. Berrada, Jaâfar & Poulhès, Alexis, 2021. "Economic and socioeconomic assessment of replacing conventional public transit with demand responsive transit services in low-to-medium density areas," Transportation Research Part A: Policy and Practice, Elsevier, vol. 150(C), pages 317-334.
    16. Yang, Hai & Leung, Cowina W.Y. & Wong, S.C. & Bell, Michael G.H., 2010. "Equilibria of bilateral taxi-customer searching and meeting on networks," Transportation Research Part B: Methodological, Elsevier, vol. 44(8-9), pages 1067-1083, September.
    17. Li, Baicheng & Szeto, W.Y. & Luo, Qin, 2021. "A peak-period taxi scheme design problem: Formulation and policy implications," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 146(C).
    18. Pueboobpaphan, Suthatip & Indra-Payoong, Nakorn & Opasanon, Sathaporn, 2019. "Experimental analysis of variable surcharge policy of taxi service auction," Transport Policy, Elsevier, vol. 76(C), pages 134-148.
    19. Wong, R.C.P. & Szeto, W.Y., 2022. "The effects of peak hour and congested area taxi surcharges on customers’ travel decisions: Empirical evidence and policy implications," Transport Policy, Elsevier, vol. 121(C), pages 78-89.
    20. Nelson Erik & Sadowsky Nicole, 2019. "Estimating the Impact of Ride-Hailing App Company Entry on Public Transportation Use in Major US Urban Areas," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 19(1), pages 1-21, January.
    21. Daniel Flores-Guri, 2003. "An Economic Analysis of Regulated Taxicab Markets," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 23(3_4), pages 255-266, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecaffa:v:26:y:2006:i:2:p:71-73. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0265-0665 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.