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http://hdl.handle.net/11452/23267
Title: | Estimating the effects of entry regulation in the Istanbul taxicab market |
Authors: | Çetin, Tamer Uludağ Üniversitesi/İktisat Fakültesi/Ekonometri Bölümü. Eryiğit, Kadir Yasin AAH-1618-2021 35766379800 |
Keywords: | Business & economics Transportation Economic regulation Taxicab markets Cointegration Structural breaks Economic reason Unit-root Deregulation Price Competition Istanbul [Turkey] Turkey Commerce Costs Cointegration Economic regulations Inflation rates Istanbul Structural break Cointegration analysis Inflation Market conditions Numerical model Price dynamics Taxi transport Taxicabs |
Issue Date: | Jul-2011 |
Publisher: | Pergamon-Elsevier Science |
Citation: | Çetin, T. ve Eryiğit, K. Y. (2011). "Estimating the effects of entry regulation in the Istanbul taxicab market". Transportation Research Part A-Policy and Practice, 45(6), 476-484. |
Abstract: | 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. |
URI: | https://doi.org/10.1016/j.tra.2011.03.002 https://www.sciencedirect.com/science/article/pii/S0965856411000486 http://hdl.handle.net/11452/23267 |
ISSN: | 0965-8564 |
Appears in Collections: | Scopus Web of Science |
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