TY - JOUR
T1 - Who will hail taxis in a deregulated market? A comment on Gaunt and Black
AU - Schuurmans-Stekhoven, James
N1 - Imported on 12 Apr 2017 - DigiTool details were: Journal title (773t) = Economic Analysis and Policy. ISSNs: 0313-5926;
PY - 1996
Y1 - 1996
N2 - 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 discrirnination 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.
AB - 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 discrirnination 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.
M3 - Article
VL - 26
SP - 177
EP - 183
JO - Economic Analysis and Policy
JF - Economic Analysis and Policy
IS - 2
ER -