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Licence Values In Taxi Markets

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  • Benedikt Koehler

Abstract

Wherever taxi regulators cap the number of taxis, operating licences acquire economic value. In the UK, the Office of Fair Trading recommended legislative repeal of quantity caps, but the status quo continues. This article argues that licence values send an important signal to taxi regulators.

Suggested Citation

  • Benedikt Koehler, 2005. "Licence Values In Taxi Markets," Economic Affairs, Wiley Blackwell, vol. 25(2), pages 52-54, June.
    • Handle: RePEc:bla:ecaffa:v:25:y:2005:i:2:p:52-54
    DOI: 10.1111/j.1468-0270.2005.00553.x
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    References listed on IDEAS

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    1. Vincenzo Visco Comandini & Stefano Gori & Flaminia Violati, 2004. "Le licenze dei taxi: abolizione, regolazione o libero scambio di diritti?," Mercato Concorrenza Regole, Società editrice il Mulino, issue 3, pages 515-548.
    2. Beesley, Michael E & Glaister, Stephen G, 1983. "Information for Regulating: The Case of Taxis," Economic Journal, Royal Economic Society, vol. 93(371), pages 594-615, September.
    3. 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.
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    Cited by:

    1. Çetin, Tamer & Yasin Eryigit, Kadir, 2011. "Estimating the effects of entry regulation in the Istanbul taxicab market," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(6), pages 476-484, July.
    2. Christian Seibert, 2006. "Taxi Deregulation And Transaction Costs," Economic Affairs, Wiley Blackwell, vol. 26(2), pages 71-73, June.
    3. Cetin, Tamer & Deakin, Elizabeth, 2019. "Regulation of taxis and the rise of ridesharing," Transport Policy, Elsevier, vol. 76(C), pages 149-158.
    4. Çetin, Tamer & Yasin Eryigit, Kadir, 2013. "The economic effects of government regulation: Evidence from the New York taxicab market," Transport Policy, Elsevier, vol. 25(C), pages 169-177.

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