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Estimating the effects of entry regulation in the Istanbul taxicab market

Author

Listed:
  • Çetin, Tamer
  • Yasin Eryigit, Kadir

Abstract

The economic literature shows that entry regulation in taxicab markets brings about a dramatic increase in medallion prices or license values of taxicabs. However, there is no study estimating what the effect of regulation is exactly on real medallion prices. We develop a model to estimate the effect of entry restrictions in the Istanbul taxicab market over real medallion prices and inflation. Our findings contribute that entry regulation in taxicab markets increases medallion prices. Moreover, we find that entry regulation in Istanbul pressures inflation rates as well.

Suggested Citation

  • 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.
  • Handle: RePEc:eee:transa:v:45:y:2011:i:6:p:476-484
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    References listed on IDEAS

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    Cited by:

    1. repec:eee:transa:v:101:y:2017:i:c:p:11-21 is not listed on IDEAS
    2. repec:eee:transb:v:100:y:2017:i:c:p:43-63 is not listed on IDEAS
    3. Shaaban, Khaled & Kim, Inhi, 2016. "Assessment of the taxi service in Doha," Transportation Research Part A: Policy and Practice, Elsevier, vol. 88(C), pages 223-235.
    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.

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