An Econometric Approach to Demand, Supply and Service
Quality in the Taxi Industry
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.
Abstract
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.
Metadata
Item Type:
Monograph
Authors/Creators:
Toner, J.P.
Copyright, Publisher and Additional Information:
Copyright of the Institute of Transport Studies, University Of Leeds
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