Regulation of Taxi Markets in Developing Countries : Issues and Options
Taxis perform an important function in urban transport markets in both developed and developing countries. Because of the perceived vulnerability of passengers to exploitation by operators, entry to the market and fares have been tightly regulated...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/02/6370380/regulation-taxi-markets-developing-countries-issues-options http://hdl.handle.net/10986/11780 |
| Summary: | Taxis perform an important function in
urban transport markets in both developed and developing
countries. Because of the perceived vulnerability of
passengers to exploitation by operators, entry to the market
and fares have been tightly regulated in many industrialized
countries. This has typically produced high premium values
for licenses, implying some monopoly profit for operators at
the expense of users. Curiously, however, total deregulation
has often increased fares. This note considers the reasons
for increased fares despite deregulation, the regulatory
options available, and the relevant considerations in
applying this experience to developing countries. |
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