Toner, J.P. (1991) An Econometric Approach to Demand, Supply and Service Quality in the Taxi Industry. Working Paper. Institute of Transport Studies, University of Leeds , Leeds, UK.
This paper uses data collected during various unmet demand studies to build econometric models of the taxi market. The aim is to use these models to derive the elasticities of demand for taxis with respect to price and service quality. It is found that the cross-sectional approach adopted fails to pick up any significant service quality effects. The price elasticity was about -2 under a constant elasticity formulation, and ranged between -2.5 to -3.5 if allowed to vary with price.
|Copyright, Publisher and Additional Information:||Copyright of the Institute of Transport Studies, University Of Leeds|
|Institution:||The University of Leeds|
|Academic Units:||The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds)|
|Depositing User:||Adrian May|
|Date Deposited:||11 May 2007|
|Last Modified:||17 Sep 2016 13:43|
|Publisher:||Institute of Transport Studies, University of Leeds|
|Identification Number:||Working Paper 339|