Tuesday, June 23, 2009

Pedicab update

A few years ago, Mitch Johnson and I wrote about New York City's misbegotten regulatory proposal to limit and restrict pedicabs. Now, following a recent accident, the city is implementing a regulatory regime that's less obviously anticompetitive than the previous proposal; gone is a limit of 325 licenses that would have automatically excluded hundreds of operators, though it will be interesting to see whether the new system in practice poses high barriers to entry. Richard Epstein makes an effort to sort out reasonable from unreasonable pedicab regulations here.

1 comment:

Anonymous said...

It was a real pleasure to join the fray with Ken--I think the resulting laws are far better.

One caveat:
"All licensed pedicabs have a sign conspicuously posted on the exterior of the pedicab detailing the amount to be charged for the use of the pedicab or the basis for calculating such amount, just like those in taxicabs."

Let's hope this isn't a back door to regulating the fares themselves, which would invite more meddling by taxi drivers and veteran,turf-defending pedicab drivers at the expense of everyone else, as they were 2 years ago.

Mitch Johnson