Frictions in a Competitive, Regulated Market: Evidence from Taxis
NBER Working Paper No. 24921
---- Acknowledgments ----
We are extremely grateful to Claudio T. Silva, Nivan Ferreira, Masayo Ota, and Juliana Freire for giving us access to the TPEP data and their help and patience to familiarize us with it. Jean-Francois Houde, Myrto Kalouptsidi, Nicola Persico, and Bernardo S. da Silveira, an editor and four referees offered very helpful feedback. Milena Almagro Garcia provided excellent research assistantship. We gratefully acknowledge financial support from the National Science Foundation via grant SES-1558857. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.