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Wiley InterScience | ||||||||
  Economic AffairsVolume 25 Issue 2, Pages 52 - 54 Published Online: 28 Jun 2008 Journal compilation © 2009 Institute of Economic Affairs Journal of the Institute of Economic Affairs
Abstract | References | Full Text: PDF (Size: 78K) | Related Articles | Citation Tracking  LICENCE VALUES IN TAXI MARKETS Copyright Institute of Economic Affairs 2005 ABSTRACTWherever taxi regulators cap the number of taxis, operating licences acquire economic value. In the UK, the Office of Fair Trading recommended legislative repeal of quantity caps, but the status quo continues. This article argues that licence values send an important signal to taxi regulators. | 
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