Trends in Taxi Service Availability, 1990-96

	Taxi Fare (a)	Taxi Supply (b)	Economic Activity (c)	Service Availability (d)
1990	$ 6.75	707,594,427	100.0	281,622,362
1992	$ 6.26	743,089,265	94.0	310,336,441
Mar-Dec 1995	$ 5.77	727,405,744	104.6	265,726,523
Mar-Dec 1996	$ 6.73	722,117,443	107.9	265,448,106
Percentage change between periods
1990-92	-7.3%	5.0%	-6.0%	0.2%
1992-95	-7.8%	-2.1%	11.3%	-14.4%
1995-96	16.6%	-0.7%	3.1%	-0.1%
(a) Taxi fare is average fare for a 2.64 mile trip with 306 seconds of waiting time, expressed in November 1996 dollars.
(b) Taxi supply is measured as total miles of operation (shown at annual rate for March-December 1995 and 1996)
(c) Economic activity index is derived from Manhattan employment and employment at Manhattan eating and drinking establishments.
(d) Service availability is total miles operated without passengers, or cruising miles (shown at annual rate for March-December 1995 and 1996).
Source: author's unpublished data.