The owners of the 200 taxi plates in the ACT will be well pleased with the recommendations brought down last week (aug 9) by the NSW Independent Pricing and Regulatory Tribunal.
The ACT industry is under-going a similar review.
Taxi-plate owners throughout Australia have been ever watchful as competition policy knocks over bastion after monopolistic bastion. Strangely, the taxi industry has been strangely immune while other industries — telecommunications, parcel-delivery, electricity, water and so on – have been subjected to competition with huge benefits to consumers and economic efficiency.
Continue reading “1999_08_august_taxis op-ed”