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Two Notes: I. Taxi Driving Should Be Subsidized; II. A Fall In Construction Costs Could Raise Housing Rents

In a first-best environment, taxi travel should be subsidized. The result derives from economies of scale to taxi density--doubling trips and taxis reduces waiting time. The subsidy should cover the shadow cost of taxis' idle time at the optimum.
Year of publication:
1993-12
Authors: Arnott, Richard ; Anas, Alexis
Institutions: Department of Economics, Boston College
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Type of publication: Book / Working Paper
Notes:
Number 242
Source:
Persistent link: https://www.econbiz.de/10005027857
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