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

Sean Barrett

42 citations0/0 files storedEconomic Affairs

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Transport and Economic Policies Legal and Constitutional Studies Occupational and Professional Licensing Regulation

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.

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References

1996Taxi Industry Regulation, Deregulation, and Reregulation: The Paradox of Market Failure

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