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Article: Demand-supply equilibrium of taxi services in a network under competition and regulation

TitleDemand-supply equilibrium of taxi services in a network under competition and regulation
Authors
KeywordsCompetition
Demand-supply equilibrium
Network model
Regulation
Taxi
Issue Date2002
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/trb
Citation
Transportation Research Part B: Methodological, 2002, v. 36 n. 9, p. 799-819 How to Cite?
AbstractThis paper investigates the nature of demand-supply equilibrium in a regulated market for taxi service. Distinguished from conventional economic analysis, a network model is used to describe the demand and supply equilibrium of taxi services under fare structure and fleet size regulation in an either competitive or monopoly market. The spatial structure of the market such as the form of road network and the customer origin-destination demand pattern are explicitly considered. The model can determine a number of system performance measures at equlibrium such as utilization rate for taxi and level of service quality, and predict the effects of alternative regulations on system performance. The model can be thus be used as a policy tool by the regulator to ascertain appropriate taxi regulations such as the selection of taxi fleet size and fare structure. A case study in Hong Kong was conducted to illustrate some interesting findings. © 2002 Elsevier Science Ltd. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/70960
ISSN
2015 Impact Factor: 3.769
2015 SCImago Journal Rankings: 3.905
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorYang, Hen_HK
dc.contributor.authorWong, SCen_HK
dc.contributor.authorWong, KIen_HK
dc.date.accessioned2010-09-06T06:27:39Z-
dc.date.available2010-09-06T06:27:39Z-
dc.date.issued2002en_HK
dc.identifier.citationTransportation Research Part B: Methodological, 2002, v. 36 n. 9, p. 799-819en_HK
dc.identifier.issn0191-2615en_HK
dc.identifier.urihttp://hdl.handle.net/10722/70960-
dc.description.abstractThis paper investigates the nature of demand-supply equilibrium in a regulated market for taxi service. Distinguished from conventional economic analysis, a network model is used to describe the demand and supply equilibrium of taxi services under fare structure and fleet size regulation in an either competitive or monopoly market. The spatial structure of the market such as the form of road network and the customer origin-destination demand pattern are explicitly considered. The model can determine a number of system performance measures at equlibrium such as utilization rate for taxi and level of service quality, and predict the effects of alternative regulations on system performance. The model can be thus be used as a policy tool by the regulator to ascertain appropriate taxi regulations such as the selection of taxi fleet size and fare structure. A case study in Hong Kong was conducted to illustrate some interesting findings. © 2002 Elsevier Science Ltd. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/trben_HK
dc.relation.ispartofTransportation Research Part B: Methodologicalen_HK
dc.subjectCompetitionen_HK
dc.subjectDemand-supply equilibriumen_HK
dc.subjectNetwork modelen_HK
dc.subjectRegulationen_HK
dc.subjectTaxien_HK
dc.titleDemand-supply equilibrium of taxi services in a network under competition and regulationen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0191-2615&volume=36&spage=799&epage=819&date=2002&atitle=Demand-supply+equilibrium+of+taxi+services+in+a+network+under+competition+and+regulationen_HK
dc.identifier.emailWong, SC:hhecwsc@hku.hken_HK
dc.identifier.authorityWong, SC=rp00191en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/S0191-2615(01)00031-5en_HK
dc.identifier.scopuseid_2-s2.0-0036832857en_HK
dc.identifier.hkuros75991en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0036832857&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume36en_HK
dc.identifier.issue9en_HK
dc.identifier.spage799en_HK
dc.identifier.epage819en_HK
dc.identifier.isiWOS:000177618600003-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridYang, H=7406556890en_HK
dc.identifier.scopusauthoridWong, SC=24323361400en_HK
dc.identifier.scopusauthoridWong, KI=7404760031en_HK
dc.identifier.citeulike7756232-

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