Analysis of Taxicab Deregulation and Re-Regulation

This 1993 Price Waterhouse study concludes that, "The effects of taxi deregulation have ranged from benign to adverse. This is a departure from the experience with deregulation in other industries, and is influenced by taxi market imperfections which reduce or remove incentives for price and service quality competition. Consequently, most cities which had fully deregulated taxi service have since reverted to some form of control over market entry."