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- W2244351776 abstract "The Chicago Area Transportation Study initiated a comprehensive investigation of the taxicab industry in the Chicago metropolitan area in fall 1979. The study resulted in the collection of financial and trip information from a cross section of taxi companies that ranged from rural ma-and-pa type operations to one of the oldest and largest urban taxi fleets in the United States. Five conclusions were drawn in the analysis that have implications for public funding policy, for efforts being made to deregulate or re-regulate the taxi industry, and for the taxi industry at large. Those five findings include the following: (a) The taxi industry is chronically weakening, (b) leasing has significantly changed short-term market risk liability and incentives for productivity on the part of operators, (c) there are both economies and diseconomies of scale in taxi operations, (d) taxis can supply exclusive demand-responsive service for about the same per passenger cost as publicly subsidized demand-responsive services. The paper concludes with recommendations for updating taxi regulations to recognize new operating realities and a review of public funding policy as it relates to use of, or competition with, the taxicab industry." @default.
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- W2244351776 date "1982-01-01" @default.
- W2244351776 modified "2023-09-24" @default.
- W2244351776 title "ANALYSIS OF TAXICAB INDUSTRY IN CHICAGO METROPOLITAN AREA" @default.
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