Two Notes: I. Taxi Driving Should Be Subsidized; II. A Fall In Construction Costs Could Raise Housing Rents

Richard Arnott and Alex Anas
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Alex Anas: S.U.N.Y/ Buffalo

No 242, Boston College Working Papers in Economics from Boston College Department of Economics

Abstract: In a first-best environment, taxi travel should be subsidized. The result derives from economies of scale to taxi density--doubling trips and taxis reduces waiting time. The subsidy should cover the shadow cost of taxis' idle time at the optimum.

Date: 1993-12
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