An analysis of the market for taxicab rides in New York City

Ricardo Lagos

    Research output: Contribution to journalReview articlepeer-review

    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 licenses. This 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.

    Original languageEnglish (US)
    Pages (from-to)423-434
    Number of pages12
    JournalInternational Economic Review
    Volume44
    Issue number2
    DOIs
    StatePublished - May 2003

    ASJC Scopus subject areas

    • Economics and Econometrics

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