G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11626
DP11626 Frictions in a Competitive, Regulated Market Evidence from Taxis
Alessandro Lizzeri; Guilaume Frechette; Tobias Salz
发表日期2016-11-11
出版年2016
语种英语
摘要This paper presents a dynamic general equilibrium model of a taxi mar- ket. The model is estimated using data from New York City yellow cabs. Two salient features by which most taxi markets deviate from the efficient market ideal is the need of both market sides to physically search for trading partners in the product market as well as prevalent regulatory limitations on entry in the capital market. To assess the relevance of these features we use the model to simulate the effect of changes in entry and an alternative search technology. The results are contrasted with a policy that improves the inten- sive margin of medallion utilization through a transfer of medallions to more efficient ownership. We use the geographical features of New York City to back out unobserved demand through a matching simulation.
主题Industrial Organization
URLhttps://cepr.org/publications/dp11626
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/540440
推荐引用方式
GB/T 7714
Alessandro Lizzeri,Guilaume Frechette,Tobias Salz. DP11626 Frictions in a Competitive, Regulated Market Evidence from Taxis. 2016.
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