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E-book
Author Leisy, Craig A., author

Title Transportation network companies and taxis : the case of Seattle / Craig A. Leisy
Published Abingdon, Oxon ; New York, NY : Routledge, 2019
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Description 1 online resource
Contents Cover; Half Title; Title; Copyright; Dedication; Contents; Preface; Introduction; 1 Definitions and concepts; Summary; What is a taxicab?; Taxicab vehicle and equipment; Taximeters and how they work; Taxicab industry organization; Taxicab industry economics; 2 Economic regulation (1912-1978); History of regulation; Economic regulation; Safety regulation; Service regulation; Regulatory enforcement; Legal environment; 3 Economic deregulation (1979-1983); History of deregulation; National economy; Taxicab industry economics; Political environment; Legal environment
4 Deregulation: lessons learnedResults of deregulation; A perfectly competitive market; The unregulated taxicab market; Fare (price) elasticity of demand; Lack of reliable data for analysis; Deregulation and market failure; The decision to deregulate; Lessons about taxicab entry and rate regulation; 5 Economic reregulation (1984-1995); History of reregulation; Taxicab industry economics; Taxicab safety regulation; Legal environment; Political environment; 6 Regulatory revision (1996-2010); History of regulatory revision; Revision of the taxicab code; Implementation of the new taxicab code
Suggestions to save taxicab industryTaxicab industry economics; The New York plan: TNC driver minimum wage and utilization rate; TNC growth and traffic congestion; Post-taxicab Seattle; Appendices; A Taximeter rates in Seattle (1932-2014); B Seattle taxicab industry total revenue (1997-2018); C Average annual revenue trips by Seattle taxicabs (1968-2018); D Taxicab medallion market values (1991-2017); E Seattle taxicab average revenue trips per taxicab (2005-2018); F Sea-Tac airport taxicab concession outbound trips (1997-2017)
Taxicab industry economicsTaxicab service; 7 De facto economic deregulation (2011-present); History of de facto deregulation; Taxicab demand study (2013); Taxicab ordinance 124524 (2014); Taxicab industry economics; 8 TNC vs. taxicabs; Summary; TNC industry economics; TNC revenue trips vs. taxicab industry revenue trips; Lack of TNC industry data; Demographics of drivers; TNC driver hourly earnings; TNC profitability; TNC driver and customer "switching costs"; Below-cost fares; Autonomous (self-driving) vehicles and labor; Demand (surge) pricing; Capacity utilization rate
Uber's planned 2019 IPOUber's bike-share (JUMP); 9 TNC industry growth (2013-present); Introduction; TNC revenue trip statistics; TNC vehicles and drivers in Seattle and King County; Estimated TNC fare revenue; Estimated TNC driver earnings; Comparison of TNC and taxicab trips and revenue; TNC vehicle and driver license fees; TNC traffic collision statistics; Summary; 10 Pending issues; Proposed TNC minimum distance rate; Proposed collective bargaining by TNC drivers; Survival of the taxicab industry; 11 The future; The path forward; TNC industry strategy and tactics
Summary Transportation Network Companies and Taxis: The Case of Seattle is a modern economic case history and thorough analysis of the devastating impact of the transportation network company (TNC) industry (Uber and Lyft) on the taxicab industry in Seattle, Washington, beginning in 2014. The events that transpired and lessons learned are applicable to most large cities in North America, Europe and Australia. As the regulator of the taxicab and TNC industries in Seattle during this period, the author offers a unique insider perspective. The book also provides internal operating statistics on the TNC industry, which are available here for the first time. Despite the spectacular growth of the TNC industry, growth rates have steadily declined and may fall to zero by 2019 or 2020, while the taxicab industry appears to have begun a modest recovery. This book offers a thorough explanation of how and why this decline has happened. It explains the taxicab industry, economic deregulation, competitive market failure, market disruption, price elasticity of demand and other concepts. There is also a wealth of data, computations and analysis for the specialized reader. This book considers the past, present and future of the taxicab and TNC industries in Seattle, It is recommended for both the general reader and industry professionals
Bibliography Includes bibliographical references and index
Notes Craig A. Leisy was Manager of the Consumer Protection Unit for the City of Seattle for 22 years where he regulated the TNC, taxicab, limousine, and towing industries as well as weights and measures. He retired to a writing career in 2017
Online resource; title from PDF title page (EBSCO, viewed May 10, 2019)
Subject Lyft (Firm)
Uber (Firm)
Uber (Firm)
Ridesharing -- Washington (State) -- Seattle
Taxicab industry -- Washington (State) -- Seattle
Taxicabs -- Washington (State) -- Seattle
BUSINESS & ECONOMICS / General
BUSINESS & ECONOMICS / Industries / Transportation.
Ridesharing.
TRANSPORTATION / Public Transportation.
Taxicab industry.
Taxicabs.
Washington (State) -- Seattle.
Form Electronic book
ISBN 0429265123
0429555679
0429560141
0429564619
9780429265129
9780429555671
9780429560149
9780429564611