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The Small Public Service Vehicle Market in Ireland: Regulation and the Recession

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  • Paul K. Gorecki

    (Economic and Social Research Institute and Trinity College Dublin)

Abstract

The small public service vehicle (SPSV) market in Ireland appears to have adjusted well to the changed economic circumstances since the onset of the recession. Despite this, a prohibition has been introduced since June 2010 on new taxi and hackney licences, while a series of measures are being introduced in 2012 and 2013 that are likely to limit the flexibility of the SPSV market to respond to changes in demand and supply, especially during busy peak periods, while at the same time obscuring market signals and making regulation more difficult. Taken together these measures mean that there is a real danger that when the economy revives and demand for SPSV services increases that there will be increased waiting times, as there were in the 1990s when taxi numbers were restricted, while fare discounting will end much sooner than it otherwise would. In this paper these issues are explored together with the implications for independence of the SPSV regulatory regime.

Suggested Citation

  • Paul K. Gorecki, 2013. "The Small Public Service Vehicle Market in Ireland: Regulation and the Recession," The Economic and Social Review, Economic and Social Studies, vol. 44(2), pages 247-272.
  • Handle: RePEc:eso:journl:v:44:y:2013:i:2:p:247-272
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    File URL: http://www.esr.ie/vol44_2/05%20Gorecki%20PP_ESRI%20Vol%2044-2.pdf
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    References listed on IDEAS

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    1. De Vany, Arthur S, 1975. "Capacity Utilization under Alternative Regulatory Restraints: An Analysis of Taxi Markets," Journal of Political Economy, University of Chicago Press, vol. 83(1), pages 83-94, February.
    2. 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.
    3. 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).
    4. Shaw, R W & Shaw, S A, 1983. "Excess Capacity and Rationalisation in the West European Synthetic Fibres Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 32(2), pages 149-166, December.
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    Cited by:

    1. repec:eee:transa:v:101:y:2017:i:c:p:228-237 is not listed on IDEAS
    2. Gorecki, Paul K., 2017. "Competition and vested interests in taxis in Ireland: A tale of two statutory instruments," Transportation Research Part A: Policy and Practice, Elsevier, vol. 101(C), pages 228-237.

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