October 21, 2014
Nobody likes getting stuck out in the rain especially when you've got places to go and people to see. This poses a problem for many New Yorkers because more often than not when its raining, finding a vacant taxi is damn near impossible. In a city that normally puts convenience at your finger tips, it's somewhat perplexing as to why this is not also true for taxi cabs in NYC. One would think that the number of taxis on the road would increase when demand for their services is at its highest. As it turns out the opposite is true, and there are many people looking into this peculiarity. In an attempt to find some answers, a recent article published on citylab.com examines a few theories surrounding the conundrum that have been developed by some scholars studying economic behavior.
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