Thursday, July 22, 2010

The economics of taxi/auto markets

Slightly dated post - but goes to show that this is an interesting topic.
http://www.marginalrevolution.com/marginalrevolution/2010/04/are-taxicabs-allocated-optimally.html

The next big question that is intriguing is that of pre-paid autos. Are they efficient - both from the demand and supply point of view? If that be so, then why not create multiple such hubs around the city? I suspect that they may not be an efficient as it sounds. Food for thought ...

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