Publication:
The economic effects of government regulation: Evidence from the New York taxicab market

dc.contributor.authorÇetin, Tamer
dc.contributor.buuauthorEryiğit, Kadir Yasin
dc.contributor.departmentİktisadi ve İdari Bilimler Fakültesi
dc.contributor.departmentEkonometri Bölümü
dc.contributor.researcheridAAH-1618-2021
dc.contributor.scopusid35766379800
dc.date.accessioned2022-12-05T11:32:19Z
dc.date.available2022-12-05T11:32:19Z
dc.date.issued2013-01-24
dc.description.abstractThis paper empirically investigates the economic effects of government regulation in a regulated taxicab market. We use a cointegration model with structural breaks to test the hypothesis that government regulation increases the price of the regulated good and/or causes the monopoly price. We examine the New York taxicab market and argue that regulation brings about artificial rents by increasing medallion prices, and an increase in medallion prices gives rises to upward pressure on taxi fares. The evidence presented shows that regulation of the New York taxicab market increases medallion prices, and this increase in medallion prices pressures on taxi fares.
dc.identifier.citationÇetin, T. vd. (2013). ''The economic effects of government regulation: Evidence from the New York taxicab market''. Transport Policy, 25, 169-177.
dc.identifier.endpage177
dc.identifier.issn0967-070X
dc.identifier.issn1879-310X
dc.identifier.scopus2-s2.0-84873053464
dc.identifier.startpage169
dc.identifier.urihttps://doi.org/10.1016/j.tranpol.2012.11.011
dc.identifier.urihttps://www.sciencedirect.com/science/article/pii/S0967070X12001862
dc.identifier.urihttp://hdl.handle.net/11452/29670
dc.identifier.volume25
dc.identifier.wos000316532900017
dc.indexed.wosSSCI
dc.language.isoen
dc.publisherElsevier Science
dc.relation.collaborationYurt içi
dc.relation.journalTransport Policy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectBusiness & economics
dc.subjectTransportation
dc.subjectTaxicabs
dc.subjectEntry regulation
dc.subjectPrice controls
dc.subjectElasticity
dc.subjectCointegration
dc.subjectStructural breaks
dc.subjectUnit-root
dc.subjectEntry Regulation
dc.subjectCosts
dc.subjectPrice
dc.subjectNew York [United States]
dc.subjectUnited States
dc.subjectCointegration analysis
dc.subjectElasticity
dc.subjectMonopoly
dc.subjectPublic transport
dc.subjectStandard (regulation)
dc.subjectTransportation economics
dc.subject.scopusTaxis; Passengers; Lack
dc.subject.wosEconomics
dc.subject.wosTransportation
dc.titleThe economic effects of government regulation: Evidence from the New York taxicab market
dc.typeArticle
dc.wos.quartileQ1
dc.wos.quartileQ2 (Transportation)
dspace.entity.typePublication
local.contributor.departmentİktisadi ve İdari Bilimler Fakültesi/Ekonometri Bölümü
local.indexed.atScopus
local.indexed.atWOS

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