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More on capping the cabs

Ride-hailing apps offer a certain ease of transportation, but this convenience imposes an externality on the environment and the roads, which are public goods. A negative externality is a situation where a commercial activity imposes a cost on third parties, and where this social cost is not accounted for in the price of the good […]

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Capping the cabs: a changing regulatory landscape

The Task and Finish Group on Taxi and Private Hire Vehicle Licensing in the United Kingdom released a report recently, which contained recommendations on regulating the taxi industry. One of the recommendations of the Group pertained to a potential upper limit on the number of taxis licensed to operate: “Government should legislate to allow local […]

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