Economics of local for-hire public transport

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by Karthik Shashidhar on Friday, December 20, 2013

Section
Society

Session type
Lecture

Technical level
Beginner

Objective

  1. Understand why "local public transport" (autos/taxis) behave the way they do
  2. Learn strategies to get a better deal on your next auto/taxi ride.

Description

Why did autorickshaws in Chennai not go by "meter" until recently? What did the current government do right that they now go by meter?
Why do autorickshaws in Jayanagar, South Bangalore, automatically switch on the meter while those in HSR Layout, South Bangalore, negotiate a fare?
Why are auto rickshaws in Mumbai happy to take you to Bandra West but not so happy about Bandra East?

These are some of the questions we will seek to address through this session on the economics of local for-hire public transport. Combining concepts from economics, behavioural sciences, graph theory and finance, we will explore why autorickshaws and taxis behave the way they do, how they can be regulated, and as customers what we can do to get ourselves the best deal

Speaker bio

Karthik Shashidhar is a freelance management consultant and data scientist. He is also "Resident Quant" at Takshashila Institution, a public policy think tank and writes Election Metrics, a series on electoral data for Mint.