Taxi service with heterogeneous drivers and a competitive medallion market

被引：1
|
作者：
Lehe, Lewis [1 ]
Pandey, Ayush [1 ]
机构：
[1] Univ Illinois, Dept Civil & Environm Engn, Urbana, IL 61801 USA
来源：
JOURNAL OF URBAN ECONOMICS | 2022年 / 131卷
基金：
美国国家科学基金会;
关键词：
Taxis; Transportation; Medallions; Regulation; QUALITY; LEMONS;
D O I：
10.1016/j.jue.2022.103488
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper incorporates two novelties into steady-state, macroscopic models of street-hail taxi service: (i) het-erogeneous drivers; (ii) explicit treatment of a competitive rental market for medallions (the rights to cruise for passengers). When drivers vary only by reservation wage, issuing medallions raises every driver's take-home pay, and the social optimum requires subsidy. When drivers vary only by marginal cost, issuing medallions may hurt drivers with low-enough marginal costs. Also, when quality declines with marginal cost, the social optimum may require a binding medallion quota or tax.
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页数：8
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