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Ashish Aggarwal & Pratik Datta: Lay down the ground rules of operation

The three-member committee set up by the Centre to suggest a policy framework for cab and other transport operators should identify market failures and then use the power of the state to draw up regul

Ashish Aggarwal & Pratik Datta 

Ashish Aggarwal & Pratik Datta The central government has finally set up a committee to suggest a policy framework for taxi and other transport operators. The world over, taxis are regulated for price and quality. Without regulation, each taxi ride would entail price negotiation and a series of checks: does the driver have a valid licence; is his behaviour acceptable; is the car in suitable condition, etc. The burden on each consumer to overcome these transaction costs would render the market unworkable. Regulations address these market failures. The taxi aggregator model is disrupting the urban transportation market ...

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Ashish Aggarwal & Pratik Datta: Lay down the ground rules of operation

The three-member committee set up by the Centre to suggest a policy framework for cab and other transport operators should identify market failures and then use the power of the state to draw up regul

The three-member committee set up by the Centre to suggest a policy framework for cab and other transport operators should identify market failures and then use the power of the state to draw up regulations for the taxi industry of the 21st century The central government has finally set up a committee to suggest a policy framework for taxi and other transport operators. The world over, taxis are regulated for price and quality. Without regulation, each taxi ride would entail price negotiation and a series of checks: does the driver have a valid licence; is his behaviour acceptable; is the car in suitable condition, etc. The burden on each consumer to overcome these transaction costs would render the market unworkable. Regulations address these market failures. The taxi aggregator model is disrupting the urban transportation market ... image
Business Standard
177 22

Ashish Aggarwal & Pratik Datta: Lay down the ground rules of operation

The three-member committee set up by the Centre to suggest a policy framework for cab and other transport operators should identify market failures and then use the power of the state to draw up regul

The central government has finally set up a committee to suggest a policy framework for taxi and other transport operators. The world over, taxis are regulated for price and quality. Without regulation, each taxi ride would entail price negotiation and a series of checks: does the driver have a valid licence; is his behaviour acceptable; is the car in suitable condition, etc. The burden on each consumer to overcome these transaction costs would render the market unworkable. Regulations address these market failures. The taxi aggregator model is disrupting the urban transportation market ...

image
Business Standard
177 22