Energy Economics & Finance Seminar
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- Alejandro MolnarAssistant Professor, EconomicsVanderbilt/World Bank
TITLE: “The marginal congestion of a taxi in New York City”
ABSTRACT: We exploit the partial deregulation of New York City taxi medallions to provide a causal estimate of the impact of taxi supply on congestion. We employ taxi trip records to measure historical street-level speed. We find that the roll-out of newly authorized taxis caused a local 8-9% decrease in speed. We estimate an empirical congestion elasticity curve from heterogeneous changes in speed and taxi supply, counted from aerial orthoimagery. Additionally, we provide novel urban sensor data to document a substantial traffic slowdown since 2013. Most of the slowdown in midtown Manhattan is accounted for by new supply from ridehail applications.
This seminar series in Energy Economics & Finance (EEF) is organized by Arthur van Benthem and hosted by the Kleinman Center.
The scope of the seminar includes regulation and policy papers. The scope of the seminar also includes environmental and transportation issues, as long as there is a connection with energy. Sessions are biweekly on Wednesdays (see dates below) from 4:00 p.m. – 5:00 p.m in the Kleinman Center classroom—Fisher Fine Arts Room 306.
Beer, wine, and snacks are served! View and connect to a Google seminar calendar.
Fall 2019 Schedule
9/25: Alejandro Molnar (Vanderbilt/World Bank)
10/9: Juan Pablo Montero (PUC-Chile)
10/23: Matthew Kahn (Johns Hopkins)
11/6: Suzi Kerr (EDF)
11/19: Ben Keys (Wharton Real Estate)
12/4: Ian Appel (Boston College)
12/11: Namrata Kala (MIT Sloan)