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Article: Regulating taxi services in the presence of congestion externality

TitleRegulating taxi services in the presence of congestion externality
Authors
KeywordsCompetition
Congestion externality
Equilibrium
First-best solution
Regulation
Taxi industry
Issue Date2005
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/tra
Citation
Transportation Research Part A: Policy And Practice, 2005, v. 39 n. 1, p. 17-40 How to Cite?
AbstractIn most large cities, the taxi industry is subject to various types of regulation, such as entry restrictions and price controls, and economists have examined the economic consequences of such regulation extensively. Unfortunately, in conventional economic analyses of competition and regulation in the taxi industry little attention has been paid to one important issue: congestion externalities due to both occupied and vacant taxi movements together with normal vehicular traffic. This study investigates the nature of equilibrium and regulation in the taxi market by taking account of congestion externalities and adopting a realistic distance-based and delay-based taxi fare structure. The monopoly, the social optimum and the stable competitive solutions are examined and illustrated with a numerical example. © 2004 Elsevier Ltd. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/71541
ISSN
2015 Impact Factor: 1.994
2015 SCImago Journal Rankings: 1.810
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorYang, Hen_HK
dc.contributor.authorYe, Men_HK
dc.contributor.authorTang, WHen_HK
dc.contributor.authorWong, SCen_HK
dc.date.accessioned2010-09-06T06:32:55Z-
dc.date.available2010-09-06T06:32:55Z-
dc.date.issued2005en_HK
dc.identifier.citationTransportation Research Part A: Policy And Practice, 2005, v. 39 n. 1, p. 17-40en_HK
dc.identifier.issn0965-8564en_HK
dc.identifier.urihttp://hdl.handle.net/10722/71541-
dc.description.abstractIn most large cities, the taxi industry is subject to various types of regulation, such as entry restrictions and price controls, and economists have examined the economic consequences of such regulation extensively. Unfortunately, in conventional economic analyses of competition and regulation in the taxi industry little attention has been paid to one important issue: congestion externalities due to both occupied and vacant taxi movements together with normal vehicular traffic. This study investigates the nature of equilibrium and regulation in the taxi market by taking account of congestion externalities and adopting a realistic distance-based and delay-based taxi fare structure. The monopoly, the social optimum and the stable competitive solutions are examined and illustrated with a numerical example. © 2004 Elsevier Ltd. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/traen_HK
dc.relation.ispartofTransportation Research Part A: Policy and Practiceen_HK
dc.subjectCompetitionen_HK
dc.subjectCongestion externalityen_HK
dc.subjectEquilibriumen_HK
dc.subjectFirst-best solutionen_HK
dc.subjectRegulationen_HK
dc.subjectTaxi industryen_HK
dc.titleRegulating taxi services in the presence of congestion externalityen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0965-8564&volume=39&spage=17&epage=40&date=2005&atitle=Regulating+taxi+services+in+the+presence+of+congestion+externalityen_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/j.tra.2004.05.004en_HK
dc.identifier.scopuseid_2-s2.0-11944274919en_HK
dc.identifier.hkuros97171en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-11944274919&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume39en_HK
dc.identifier.issue1en_HK
dc.identifier.spage17en_HK
dc.identifier.epage40en_HK
dc.identifier.isiWOS:000226564400002-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridYang, H=7406556890en_HK
dc.identifier.scopusauthoridYe, M=36778917300en_HK
dc.identifier.scopusauthoridTang, WH=24537888200en_HK
dc.identifier.scopusauthoridWong, SC=24323361400en_HK

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