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The marginal congestion of a taxi in New York City
| Content Provider | Semantic Scholar |
|---|---|
| Author | Mangrum, Daniel Molnar, Alejandro |
| Copyright Year | 2017 |
| Abstract | We exploit the partial deregulation of New York City taxi medallions to provide a causal estimate of the impact of taxi supply on congestion. We employ taxi trip records to measure historical street-level speed. We find that the roll-out of newly authorized taxis caused a local 8-9% decrease in speed. We estimate an empirical congestion elasticity curve from heterogeneous changes in speed and taxi supply, counted from aerial orthoimagery. Additionally, we provide novel urban sensor data to document a substantial traffic slowdown since 2013. Most of the slowdown in midtown Manhattan is accounted for by new supply from ridehail applications. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://alejandromolnar.github.io/files/mm_boro.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
