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Surge in minicabs increases journey times

Graham Watson

14th January 2016

Another interesting insight here from the Guardian about the ongoing debate about the effect of Uber in the market for cabs: this time private hire firm, Addison Lee, claim that the rising number of minicabs has increased journey times. This implies that there's been an increase in the negative externalities associated with the sector and might give Transport for London more of a reason for intervening in the London taxi market.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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