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Author:Lagos, R.
Title:An analysis of the market for taxicab rides in New York City
Journal:International Economic Review
2003 : MAY, VOL. 44:2, p. 423-434
Index terms:Economic theory
Passenger transport
Market research
USA
Language:eng
Abstract:In the last few years, the city of New York has increased taxicab fares and relaxed a 59-year-old cap on the number of licences. The article uses a dynamic equilibrium model of meeting frictions to quantify the impact of these policies on medallion prices and on the process that rules the meetings between passengers and taxicabs in New York City.
SCIMA record nr: 248435
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