Estimating the effects of entry regulation in the Istanbul taxicab market

被引：43
作者：
Cetin, Tamer [1 ]
Eryigit, Kadir Yasin [2 ]
机构：
[1] Yildiz Tech Univ, Dept Econ, TR-34349 Yildiz Besiktas, Turkey
[2] Uludag Univ, Dept Econometr, TR-16059 Bursa, Turkey
来源：
TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE | 2011年 / 45卷 / 06期
关键词：
Economic regulation; Taxicab markets; Cointegration; Structural breaks; ECONOMIC REASONS; UNIT-ROOT; DEREGULATION; PRICE; COMPETITION;
D O I：
10.1016/j.tra.2011.03.002
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The economic literature shows that entry regulation in taxicab markets brings about a dramatic increase in medallion prices or license values of taxicabs. However, there is no study estimating what the effect of regulation is exactly on real medallion prices. We develop a model to estimate the effect of entry restrictions in the Istanbul taxicab market over real medallion prices and inflation. Our findings contribute that entry regulation in taxicab markets increases medallion prices. Moreover, we find that entry regulation in Istanbul pressures inflation rates as well. (C) 2011 Elsevier Ltd. All rights reserved.
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页码：476 / 484
页数：9
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