Modeling and analyzing a taxi market with a monopsony taxi owner and multiple rentee-drivers

2021 ◽  
Vol 143 ◽  
pp. 1-22
Author(s):  
Baicheng Li ◽  
W.Y. Szeto
Keyword(s):  
Author(s):  
Susanna Alexius

Markets are interlinked in the sense that the organization of one market affects the functioning of other markets. Sellers whose sales are affected by shortcomings in another market may try to reorganize that market. In this chapter, the phenomenon of market organization across market borders is illustrated through empirical examples of how businesses in side markets such as the hotel, train, boat, and air travel markets have become active organizers of the Swedish taxi market. The Swedish state ‘deregulated’ taxi services, abolishing several organizational elements. The new situation led to severe problems for sellers in other markets who intervened and succeeded in increasing the degree of organization substantially, differently in different local markets. The taxi market is now as organized as it was prior to the ‘deregulation’, but in a different way and with different organizers.


2019 ◽  
Vol 7 (1) ◽  
pp. 73-86 ◽  
Author(s):  
Stephen Agyeman ◽  
Robert A. Kwarteng ◽  
Suleman Zurkalnaine

2019 ◽  
Vol 535 ◽  
pp. 122297 ◽  
Author(s):  
Beibei Hu ◽  
Xuanxuan Xia ◽  
Huijun Sun ◽  
Xianlei Dong
Keyword(s):  

2016 ◽  
Vol 57 (2) ◽  
pp. 259-295 ◽  
Author(s):  
Marcin Serafin

AbstractThis article analyses the political struggles in and around the Warsaw taxi market. Drawing on Pierre Bourdieu’s theory of social fields and incorporating Albert Hirschman’s metaphor of political action as voice, I capture the position-taking of members of the taxi field, highlighting the different levels of involvement in the struggles. By distinguishing between different forms of voice—murmuring, jeering, whispering, hissing, grunting, and shouting—I show that the struggles that shape the Warsaw taxi market take the form of struggles over classifications and struggles over opportunities for exchange. I describe how market institutions are established and contested within the political field; enforced and contested within the bureaucratic field; and interpreted and contested within the juridical field. I thus contribute a field theory that investigates the links between fields and especially between economic fields and the state. This article draws on fieldwork conducted in Warsaw between November 2012 and June 2013.


2017 ◽  
Vol 2017 ◽  
pp. 1-11
Author(s):  
Chun-Hsiao Chu

Externality is an important issue for formulating the regulation policy of a taxi market. However, this issue is rarely taken into account in the current policy-making process, and it has not been adequately explored in prior research. This study extends the model proposed by Chang and Chu in 2009 with the aim of exploring the effect of externality on the optimization of the regulation policy of a cruising taxi market. A closed-form solution for optimizing the fare, vacancy rate, and subsidy of the market is derived. The results show that when the externality of taxi trips is taken into consideration, the optimal vacancy rate should be lower and the subsidy should be higher than they are under current conditions where externality is not considered. The results of the sensitivity analysis on the occupied and vacant distance indicate that the relation of the vacant distance to the marginal external cost is more sensitive than the occupied distance. The result of the sensitivity analysis on the subsidy shows the existence of a negative relationship between the marginal external cost and the optimal subsidy.


2020 ◽  
Vol 12 (1) ◽  
pp. 37-41
Author(s):  
Yusuke MIYOSHI ◽  
Haruhiko TSUZUKI ◽  
Hiroaki ITAKURA
Keyword(s):  

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