<abstract xmlns="http://www.w3.org/1999/xhtml"><p> Every year seems to bring about new technologies that radically change the way we do things. New innovative business models come to life, that change the way the world works so much that a shift of mindset is required if we are to keep up. These days, the largest transport company in the world owns no cars, the largest accommodation provider owns no real estate, the largest retailer by value has no inventory of its own, and the most popular media owner creates no content. But what about the role of regulation in this brave new world? We take a look at the rivals, taxi companies and private hire transport companies (in particular Uber), to assess the need for regulation and the impact of regulation on these two contenders. Our research examines the effects of said regulation on service quality and safety, correlated with consumer opinion data. The impact of non-regulatory incentives on the two seemingly-opposed business models is discussed, thus making the logical case for increased deregulation of both taxis and private hire companies. Opening the way to innovative companies and innovative new business models, allowing them to change the world is our gateway to growth, prosperity and sustainability.</p></abstract>

Every year seems to bring about new technologies that radically change the way we do things. New innovative business models come to life, that change the way the world works so much that a shift of mindset is required if we are to keep up. These days, the largest transport company in the world owns no cars, the largest accommodation provider owns no real estate, the largest retailer by value has no inventory of its own, and the most popular media owner creates no content. But what about the role of regulation in this brave new world? We take a look at the rivals, taxi companies and private hire transport companies (in particular Uber), to assess the need for regulation and the impact of regulation on these two contenders. Our research examines the effects of said regulation on service quality and safety, correlated with consumer opinion data. The impact of non-regulatory incentives on the two seemingly-opposed business models is discussed, thus making the logical case for increased deregulation of both taxis and private hire companies. Opening the way to innovative companies and innovative new business models, allowing them to change the world is our gateway to growth, prosperity and sustainability.

Innovation needs deregulation: the case of taxi and private hire companies

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Innovation needs deregulation: the case of taxi and private hire companies"}

Every year seems to bring about new technologies that radically change the way we do things. New innovative business models come to life, that change the way...

Innovation needs deregulation: the case of taxi and private hire companies

Published Online: Jun 15, 2018

Page range: 651 - 660

DOI: https://doi.org/10.2478/picbe-2018-0058

Keywords
ride-sharing, sharing-economy, innovation, deregulation, Uber

© 2018 Christian Nasulea, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Innovation needs deregulation: the case of taxi and private hire companies

Published Online: Jun 15, 2018

Page range: 651 - 660

DOI: https://doi.org/10.2478/picbe-2018-0058

Keywordsride-sharing, sharing-economy, innovation, deregulation, Uber

© 2018 Christian Nasulea, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
ride-sharing, sharing-economy, innovation, deregulation, Uber