Capacity Utilization under Alternative Regulatory Restraints: An Analysis of Taxi Markets

Both the Averch-Johnson (A-J) model and the Chamberlin model fail to consider the value of excess capacity to consumers. Service industries, whether they are regulated or not, will usually have excess capacity in the Chamberlinian sense because this capacity conserves time for consumers. This paper...

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Bibliographische Detailangaben

Veröffentlicht in:	The Journal of political economy 1975-02, Vol.83 (1), p.83-94
1. Verfasser:	De Vany, Arthur S.
Format:	Artikel
Sprache:	eng
Schlagworte:	Average cost Constant cost industries Elasticity of demand Industrial regulation Marginal costs Monopoly Passengers Price efficiency Price regulation Taxicabs
Online-Zugang:	Volltext
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