REGULATORY CAPTURE, PROPERTY RIGHTS AND TAXI DEREGULATION: A CASE STUDY

Sean D. Barrett

Economic Affairs, 2003, vol. 23, issue 4, 34-40

Abstract: The deregulation of the taxi sector in Ireland by the High Court in 2000 brought a three‐fold increase in taxi numbers and much reduced passenger waiting times for taxis. The deregulation decision by the High Court was based on the rights of persons to enter a sector for which they had the training and skills and the right of the public to purchase the services of such persons. The decision was upheld in judicial review. The case study indicates the superiority of deregulation over proposals for more gradual liberalization.

Date: 2003
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