Yang, Hai; Fung, C.S.; Wong, K.I.; Wong, S.C. - In: Transportation Research Part A: Policy and Practice 44 (2010) 5, pp. 337-348
This paper examines the effects of nonlinear fare structures in taxi markets using an extended taxi model with an explicit consideration of perceived profitability. The expected profit, defined as the profit per unit time (inclusive of both occupied and vacant taxi times), that a taxi driver...