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Articles 1201 - 1230 of 9281
Full-Text Articles in Social and Behavioral Sciences
The Cost Of Cheap Talk: How Campaign Promises And Default Contributions Affect Donation-Based Crowd Funding Success, Tianci Leon Qiu
The Cost Of Cheap Talk: How Campaign Promises And Default Contributions Affect Donation-Based Crowd Funding Success, Tianci Leon Qiu
Dissertations and Theses Collection (Open Access)
Non-profit organisations (NPOs) find it increasingly harder to engage donors and raise funds from the public. Post-pandemic: the emphasis on tactics to raise funds online through donation-based crowdfunding (DCF) platforms has surged in importance for both NPO survival and continued beneficiary aid. However, unlike equity-based crowdfunding platforms where campaign organisers are obligated to provide investors with tangible returns based on funding milestones, NPOs on DCF platforms do not have to adhere to any funding milestones or are beholden to any tangible obligations towards donors. Consequently, NPOs are greatly incentivised to deploy cheap talk – non-binding, unverifiable messages and claims to …
Do Hacker Groups Pose A Risk To Organizations? Study On Financial Institutions Targeted By Hacktivists, Mikko Samuli Niemelae
Do Hacker Groups Pose A Risk To Organizations? Study On Financial Institutions Targeted By Hacktivists, Mikko Samuli Niemelae
Dissertations and Theses Collection (Open Access)
Publication date: 5 September 2023
In the digital era, technological progress has been shadowed by an escalation in cybersecurity threats, notably impacting the financial sector. This research critically examines the influence of hacktivist campaigns—particularly those led by groups like Anonymous—on the cyber exposure of financial services firms listed on the NYSE. Employing Synthetic Controls and analyzing 22 treated firms, the study found that such campaigns significantly enhance the target institutions' deep and dark web exposure, with an average increase of 65% per annum in the subsequent two years from the campaign initiation. Crucially, smaller firms display a heightened susceptibility to …
Housing Fever In Australia 2020-23: Insights From An Econometric Thermometer, Shuping Shi, Peter C. B. Phillips
Housing Fever In Australia 2020-23: Insights From An Econometric Thermometer, Shuping Shi, Peter C. B. Phillips
Research Collection School Of Economics
Australian housing markets experienced widespread and, in some cases, extraordinary growth in prices between 2020 and 2023. Using recently developed methodology that accounts for fundamental economic drivers, we assess the existence and degree of speculative behaviour, as well as the timing of exuberance and downturns in these markets. Our findings indicate that speculative behaviour was indeed present in six of the eight capital cities at some time over the period studied. The sequence of events in this nation-wide housing bubble began in the Brisbane market and concluded in Melbourne, Canberra, and Hobart following the interest rate rise implemented by the …
The Need For Growth, Hian Teck Hoon, Edmund S. Phelps, Gylfi Zoega
The Need For Growth, Hian Teck Hoon, Edmund S. Phelps, Gylfi Zoega
Research Collection School Of Economics
The falling rate of productivity growth in the West has made equilibrium real rate of interest fall, causing sky-high stock prices and stagnated real wages. Eliminating or reducing impediments to growth—such as rules and regulations that protect vested interests—would lower the burden of debt, make it easier to reduce greenhouse gas emissions and increase political stability. There are also measures that strengthen institutions that encourage innovations; a healthy financial system, well-protected property rights and values that emphasize self-reliance, independence and good work ethics. While special interests are more entrenched in some developed countries than others, there is hope that current …
"Sissy That Walk”: The Queer Kinaesthetics Of Mobility-Through-Difference, Orlando Woods
"Sissy That Walk”: The Queer Kinaesthetics Of Mobility-Through-Difference, Orlando Woods
Research Collection School of Social Sciences
This article advances the idea of ‘queer kinaesthetics’ to show how moving through difference can enable disaggregated individuals to realize a new sense of becoming. Doing so involves rejecting the categories of identity that lead to disaggregation in the first place, and reorienting the self by developing a distinctly and radically (dis) embodied subject position. I illustrate these ideas by exploring the queer kinaesthetics of drag. Drag is most commonly associated with queer, cisgender males embodying otherness in order to come to terms with the disaggregation that many experience in heteronormative society, and through the heterological norms of representation. By …
Self-Financing, Parental Transfer, And College Education, Jungho Lee, Sunha Myong
Self-Financing, Parental Transfer, And College Education, Jungho Lee, Sunha Myong
Research Collection School Of Economics
We show that financial constraints can affect the human capital accumulation of college students by influencing students’ labor supply. We document that many college students work a substantial number of hours at low-skill jobs, and students who have fewer financial resources (in particular, parental transfer) tend to work more. We develop a model that incorporates college students’ labor supply and its interaction with parental transfer in the presence of financial constraints. By estimating the model, we quantify the trade-off between self-financing and human capital accumulation and discuss the implications of a wage subsidy policy.
Reconsidering The Imposition Of Dual Vicarious Liability In The Borrowed Employee Context: The Singapore Approach In Munshi Mohammad Faiz V Interpro Construction Pte Ltd [2021] 4 Slr 1371 And Hwa Aik Engineering Pte Ltd V Munshi Mohammad [2021] 1 Slr 1288, Danny Ong, Aaron Yoong, Louis Yi Hang Lau
Reconsidering The Imposition Of Dual Vicarious Liability In The Borrowed Employee Context: The Singapore Approach In Munshi Mohammad Faiz V Interpro Construction Pte Ltd [2021] 4 Slr 1371 And Hwa Aik Engineering Pte Ltd V Munshi Mohammad [2021] 1 Slr 1288, Danny Ong, Aaron Yoong, Louis Yi Hang Lau
Research Collection Yong Pung How School Of Law
The limits of the law on dual vicarious liability were recently tested in the decisions of Munshi Mohammad Faiz v Interpro Construction Pte Ltd [2021] 4 SLR 1371 and Hwa Aik Engineering Pte Ltd v Munshi Mohammad [2021] 1 SLR 1288, both before the General and Appellate divisions of the High Court. Against the backdrop of these decisions, this case note argues that the approach laid down by the High Court may go some ways in resolving the tension and assist in settling the perennial question of the role of control in dual vicarious liability. In particular, it is argued …
How To Understand China's Approach To Central Bank Digital Currency?, Heng Wang
How To Understand China's Approach To Central Bank Digital Currency?, Heng Wang
Research Collection Yong Pung How School Of Law
China's central bank digital currency (CBDC), digital yuan or e-CNY, is likely to profoundly affect the international financial system. China's CBDC is fast evolving. Understanding the influencing factors of China's CBDC will likely be crucial to explore its future direction. Major influencing factors include (i) China's perception and conception of regulation and technology, (ii) complementarity between China's preferences and CBDC development, (iii) domestic and international legitimacy, and (iv) institutional development. This paper argues that these influencing factors contribute to China's likely approach of selectively reshaping the international financial system. Given the potential wide-ranging implications of the introduction of CBDC globally, …
Escape From The Hangman's Noose? Singapore's Discretionary Death Penalty For Drug Traffickers, Wing Cheong Chan
Escape From The Hangman's Noose? Singapore's Discretionary Death Penalty For Drug Traffickers, Wing Cheong Chan
Research Collection Yong Pung How School Of Law
After nearly fifty years of the mandatory death penalty for drug offences, Singapore amended its law in 2012 to give judges a choice in certain situations to impose a sentence of death or life imprisonment instead. However, this change should not be misunderstood as an alteration in Singapore’s zero-tolerance approach towards illegal drugs. Escaping the mandatory death penalty regime under the new law requires fulfilment of strict conditions. This article reviews the exceptional circumstances that are required before judges are given the discretion to impose the death penalty or not and the application of the new law by the Singapore …
Understanding Multi-Homing And Switching By Platform Drivers, Xiaotong Guo, Andreas Haupt, Hai Wang, Rida Qadri, Jinhua Zhao
Understanding Multi-Homing And Switching By Platform Drivers, Xiaotong Guo, Andreas Haupt, Hai Wang, Rida Qadri, Jinhua Zhao
Research Collection School Of Computing and Information Systems
Freelance drivers in the shared mobility market frequently switch or work for multiple platforms, affecting driver labor supply. Due to the importance of driver labor supply for the shared mobility market, understanding drivers’ switching and multi-homing behavior is vital to managing service quality on – and effective regulation of – mobility platforms. However, a lack of individual-level data on driver behavior has thus far impeded a deeper understanding. This paper taxonomizes and estimates perceived switching and multi-homing frictions on mobility platforms. Based on a structural model of driver labor supply, we estimate switching and multi-homing costs in a platform duopoly …
Disrupting The Grid: Encountering Fire And Smoke Through Energy Infrastuctures, Deepti Chatti, Sayd Randle
Disrupting The Grid: Encountering Fire And Smoke Through Energy Infrastuctures, Deepti Chatti, Sayd Randle
Research Collection College of Integrative Studies
Experiences of fires are mediated by energy infrastructures and refracted through social inequality and difference. In California, a state marked by increasingly intense and frequent wildfires, the grid is a source of fire risk, with historically marginalized groups bearing the brunt of exposures to wildfire smoke. Drawing on research conducted by one of the co-authors in collaboration with California’s Karuk Tribe and Blue Lake Rancheria Tribes, this empirically grounded review article expands our understanding of grids. Extant scholarship presents the grid as a networked infrastructure mediating access to energy and one’s relationship to a collective and the state. We extend …
Rental Housing Spot Markets: How Online Information Exchanges Can Supplement Transacted-Rents Data, Geoff Boeing, Jake Wegmann, Junfeng Jiao
Rental Housing Spot Markets: How Online Information Exchanges Can Supplement Transacted-Rents Data, Geoff Boeing, Jake Wegmann, Junfeng Jiao
Research Collection College of Integrative Studies
Traditional U.S. rental housing data sources such as the American Community Survey and the American Housing Survey report on the transacted market—what existing renters pay each month. They do not explicitly tell us about the spot market—that is, the asking rents that current homeseekers must pay to acquire housing—though they are routinely used as a proxy. This study compares governmental data to millions of contemporaneous rental listings and finds that asking rents diverge substantially from these most recent estimates. Conventional housing data understate current market conditions and affordability challenges, especially in cities with tight and expensive rental markets.
Faith-Based Fissures Take Many Forms, Lily Kong
Faith-Based Fissures Take Many Forms, Lily Kong
Research Collection School of Social Sciences
In a commentary, SMU President Professor Lily Kong discussed why religion continues to be a source of contestation over space the world over. She noted that it is important to recognise that conflicts and contestations do not just occur between religions, or between the religious and the secular, but within religions as well, and called for religious leaders to be mindful of the dynamics within their organisations and to consider how to manage potential tensions and conflicts.
Acceptance Of Communication Technology, Emotional Support And Subjective Well-Being For Chinese Older Adults Living Alone During Covid-19: A Moderated Mediation Model, Ze Ling Nai, Woan Shin Tan, William Tov
Acceptance Of Communication Technology, Emotional Support And Subjective Well-Being For Chinese Older Adults Living Alone During Covid-19: A Moderated Mediation Model, Ze Ling Nai, Woan Shin Tan, William Tov
Research Collection School of Social Sciences
Stringent social distancing measures implemented to control the spread of COVID-19 affected older adults living alone by limiting their social interaction beyond their households. During these restrictions, interactions beyond the household could be facilitated by communication technology (CT) such as voice calls, instant messages. Our study provides evidence on how CT acceptance could influence the emotional support and in turn, subjective well-being (SWB) of older adults living alone. We did a cross-sectional survey with 293 community-dwelling Chinese older adults. Participants were surveyed from September to November 2020 and had completed measures on CT acceptance (competency), emotional support, and SWB. PROCESS …
Princely Adventures In The Sulalat Al-Salatin (The Genealogy Of Kings), Emily Soon
Princely Adventures In The Sulalat Al-Salatin (The Genealogy Of Kings), Emily Soon
Research Collection School of Social Sciences
No abstract provided.
Demographic Structure And Voting Behaviour During Democratization: Evidence From Malaysia's 2022 Election, Sebastian Carl Dettman, Thomas B. Pepinsky
Demographic Structure And Voting Behaviour During Democratization: Evidence From Malaysia's 2022 Election, Sebastian Carl Dettman, Thomas B. Pepinsky
Research Collection School of Social Sciences
Malaysia’s fifteenth general election (GE15) was a milestone in the country’s democratization process, with new parties and political movements competing with established political coalitions. In this paper, we investigate how Malaysia’s cleavage structure—a central feature of Malaysia’s prior authoritarian regime—shapes electoral competition in a newly competitive political environment. We find that the “race paradigm” (Milner, Embong, and Tham 2014) remains central to explaining party strategy and coalition behavior in GE15, but that more democratic competition has increased the salience of regional differences—both between peninsular Malaysia and East Malaysia, and within peninsular Malaysia itself. Our analysis reveals the structural foundations of …
Investigating The Link Between Iadl And Depressive Symptoms In Older Adults: A Cross-Sectional Serial Mediation Model, Wee Qin Ng, Hwajin Yang
Investigating The Link Between Iadl And Depressive Symptoms In Older Adults: A Cross-Sectional Serial Mediation Model, Wee Qin Ng, Hwajin Yang
Research Collection School of Social Sciences
Objectives: There is a dearth of research on the psychological processes that underlie the negative relation between impaired instrumental activities of daily living (IADL) and depressive symptoms in older adults. Drawing on the stress process model and the resilience framework, we investigated whether purpose in life and resilience serially mediate the relationship between impaired IADL and depressive symptoms.Methods: We recruited 111 cognitively healthy community-dwelling older adults (ages 54-85; M = 66.5) who scored a minimum of 25 points on the Mini-Mental State Examination.Results: We found that purpose in life and resilience serially mediated the relationship between IADL and depressive symptomatology …
Chinese Visions Of Self And Other: The International Politics Of Noses, William A. Callahan
Chinese Visions Of Self And Other: The International Politics Of Noses, William A. Callahan
Research Collection School of Social Sciences
How does China view the world? While much has been written about how China's international relations are best seen as intercultural relations that do not exclude the Other, this article examines how self/Other relations are visualized in terms of the human face in China, in particular through iconic images that construct the Chinese self with and against foreigners with large noses. It employs interpretivist methods to consider the interplay of social relations and international relations in order to see how ‘external appearance’ and ‘external relations’ inform each other in Chinese theory and practice. It mobilizes the classical Chinese concept ‘deep-set …
Agentic Selves, Agentic Stories: The Cultural Foundations Of Beliefs About Meritocracy, Jacqueline Ho
Agentic Selves, Agentic Stories: The Cultural Foundations Of Beliefs About Meritocracy, Jacqueline Ho
Research Collection School of Social Sciences
Work on stratification beliefs expects disadvantaged individuals to believe less strongly in meritocracy because they are more likely to observe structural barriers to opportunity, and because meritocratic ideology runs counter to their self-interest. If they embrace meritocracy, they are understood as victims of a system-justifying ideology. By conceptualising belief formation as a cultural process, I argue that meritocracy belief among the disadvantaged may simply be pragmatic, rather than irrational. I use a narrative identity lens to analyse interviews with forty-one Singaporean youth, arguing that in the absence of other forms of capital, socioeconomically disadvantaged youth draw on narratives of meritocracy …
Smu Launches Two Innovative Sustainability Programmes – Postgraduate Master Of Sustainability And Undergraduate Second Major In Sustainable Societies, Singapore Management University
Smu Launches Two Innovative Sustainability Programmes – Postgraduate Master Of Sustainability And Undergraduate Second Major In Sustainable Societies, Singapore Management University
SMU Press Releases and News
Singapore Management University (SMU) will launch a new Master of Sustainability (MST) (永续发展硕士课程) and a Second Major in Sustainable Societies (SSOC) (可持续社会第二主修) as part of a suite of sustainability courses and programmes to develop sustainability leaders and meet the needs of a green economy. The MST is jointly helmed by the School of Social Sciences (SOSS) and College of Integrative Studies (CIS), and SSOC is being offered by the School of Social Sciences as a second major available to all SMU undergraduates.
What Drives The Value Of Financial Analysts’ Advice? The Role Of Earnings And Growth Forecasts, Ohad Kadan, Leonardo Madureira, Rong Wang, Tzachi Zach
What Drives The Value Of Financial Analysts’ Advice? The Role Of Earnings And Growth Forecasts, Ohad Kadan, Leonardo Madureira, Rong Wang, Tzachi Zach
Research Collection Lee Kong Chian School Of Business
We offer a parsimonious index at the individual analyst level to measure the extent to which an analyst relies on earnings and long-term growth forecasts in producing her advice. Using this index, we evaluate the contribution of earnings and growth forecasts to the investment value of analysts’ stock recommendations. We find that the fraction of analysts’ advice attributed to forecasts varies considerably across analysts and sectors. The investment value of recommendations is higher for analysts who rely less on their forecasts and more on other sources of information when forming investment advice. Investors recognize the superiority of recommendations from analysts …
Effect Of Amended Claim On A Warrant Of Arrest In An Admiralty Action In Rem, Ming En Tor
Effect Of Amended Claim On A Warrant Of Arrest In An Admiralty Action In Rem, Ming En Tor
Research Collection Yong Pung How School Of Law
Suppose I have filed my statement of claim endorsing the writ in rem, and the Registrar has issued a warrant of arrest reflecting this claim. I then proceed to execute a warrant of arrest to arrest a vessel. Now, suppose, however, I later discover that the original claim stated in the warrant of arrest does not exist. I then substitute the original claim with a completely different claim altogether. Can the warrant of arrest be upheld based on the amended claim and/or cause of action, even if it was not so pleaded initially when the action in rem commenced? This …
Sharing And Caring: Creating A Culture Of Constructive Criticism In Computational Legal Studies, Corinna Coupette, Dirk Hartung
Sharing And Caring: Creating A Culture Of Constructive Criticism In Computational Legal Studies, Corinna Coupette, Dirk Hartung
Research Collection Yong Pung How School Of Law
We introduce seven foundational principles for creating a culture of constructive criticism in computational legal studies. Beginning by challenging the current perception of papers as the primary scholarly output, we call for a more comprehensive interpretation of publications. We then suggest to make these publications computationally reproducible, releasing all of the data and all of the code all of the time, on time, and in the most functioning form feasible. Once all materials are made available by default, we invite constructive criticism in all phases of the publication life cycle. We posit that our proposals will help form our field, …
Is A Smart City Framework The Key To Disaster Resilience? A Systematic Review, Kijin Seong, Junfeng Jiao
Is A Smart City Framework The Key To Disaster Resilience? A Systematic Review, Kijin Seong, Junfeng Jiao
Research Collection College of Integrative Studies
Despite a growing body of research on the smart city framework for disaster resilience, a comprehensive systematic literature review from urban planning perspectives has never been attempted. In this review of smart and resilient cities, we distill vital learning and shared concepts, identify research trends and limitations, and suggest avenues for future research. The results reveal that reviewed articles primarily focused on methodological approaches addressing how to adapt technologies for disaster resilience, yet rarely discussed the sociological approaches to environment, economy, and governance. This study will provide a reference to trace existing research and suggest equitable smart resilience.
Constrained By Localized Attention Focus: The Negative Effect Of Firm-Specific Knowledge On Exploratory Firm Innovation, Bilian Ni Sullivan, Kaixian Mao, Heli Wang
Constrained By Localized Attention Focus: The Negative Effect Of Firm-Specific Knowledge On Exploratory Firm Innovation, Bilian Ni Sullivan, Kaixian Mao, Heli Wang
Research Collection Lee Kong Chian School Of Business
Integrating the resource-based view (RBV) and attention-based view (ABV), this study explores the impact of firm-specific knowledge (FSK) on a firm's exploratory innovation and the role of government support in this process. We argue that firms with a high degree of specificity in their knowledge assets tend to have a more localized attention focus, leading to those firms with less exposure to distant and diverse information and knowledge. Consequently, such firms are likely to have reduced exploratory innovative outputs. However, government resource support could expand a firm's attention focus beyond local searches, mitigating its negative effects. Based on a unique …
Public Sentiments And The Influence Of Information-Seeking Preferences On Knowledge, Attitudes, Death Conversation And Receptiveness Towards Palliative Care: Results From A Nationwide Survey In Singapore, Su Lin Yeo, Raymond Han Lip Ng, Tan Ying Peh, May O. Lwin, Poh Heng Chong, Patricia Soek Hui Neo, Jamie Xuelian Zhou, Angel Lee
Public Sentiments And The Influence Of Information-Seeking Preferences On Knowledge, Attitudes, Death Conversation And Receptiveness Towards Palliative Care: Results From A Nationwide Survey In Singapore, Su Lin Yeo, Raymond Han Lip Ng, Tan Ying Peh, May O. Lwin, Poh Heng Chong, Patricia Soek Hui Neo, Jamie Xuelian Zhou, Angel Lee
Research Collection Lee Kong Chian School Of Business
Background: Low awareness about palliative care among the global public and healthcare communities has been frequently cited as a persistent barrier to palliative care acceptance. Given that knowledge shapes attitudes and encourages receptiveness, it is critical to examine factors that influence the motivation to increase knowledge. Health information-seeking from individuals and media has been identified as a key factor, as the process of accessing and interpreting information to enhance knowledge has been shown to positively impact health behaviours. Objective: Our study aimed to uncover public sentiments toward palliative care in Singapore. A conceptual framework was additionally developed to investigate the …
Interpersonal Behavior In Assessment Center Role-Play Exercises: Investigating Structure, Consistency, And Effectiveness, Simon M. Breil, Filip Lievens, Boris Forthmann, Mitla D. Back
Interpersonal Behavior In Assessment Center Role-Play Exercises: Investigating Structure, Consistency, And Effectiveness, Simon M. Breil, Filip Lievens, Boris Forthmann, Mitla D. Back
Research Collection Lee Kong Chian School Of Business
Although the behaviors displayed by assessees are the currency of assessment centers (ACs), they have remained largely unexplored. This is surprising because a better understanding of assessees' behaviors may provide the missing link between research on the determinants of assessee performance and research on the validity of performance ratings. Therefore, this study draws on behavioral personality science to scrutinize the behaviors that assessees express in interpersonal AC exercises. Our goals were to investigate (a) the structure of interpersonal behaviors, (b) the consistency of these behaviors across AC exercises, and (c) their effectiveness. We obtained videotaped performances of 203 assessees who …
Does Abstract Thinking Facilitate Information Processing? Evidence From Financial Analysts, Frank Weikai Li, Rong Wang, Yang Yu, Gloria Yang Yu
Does Abstract Thinking Facilitate Information Processing? Evidence From Financial Analysts, Frank Weikai Li, Rong Wang, Yang Yu, Gloria Yang Yu
Research Collection Lee Kong Chian School Of Business
We study whether abstract thinking – an essential cognitive trait established by psychological and neuroscientific studies – facilitates analysts’ information processing. Exploiting analysts’ questions during earnings calls, we construct an Abstract Thinking Index (ATI) that measures their tendency to involve abstract words, logical reasoning, broader topics, and future outlooks. We find that abstract thinking improves analysts’ forecast accuracy and recommendation informativeness. Consistent with abstract thinking featuring identifying central characteristics and comprehending intangible things, ATI has stronger effects for firms with fundamentals co-moving more with peers and less tangible information. Additional analyses suggest that ATI captures analysts’ cognitive traits rather than …
Revisiting The Design Of Selection Systems In Light Of New Findings Regarding The Validity Of Widely Used Predictors, Paul R. Sackett, Charlene Zhang, Christopher M. Berry, Filip Lievens
Revisiting The Design Of Selection Systems In Light Of New Findings Regarding The Validity Of Widely Used Predictors, Paul R. Sackett, Charlene Zhang, Christopher M. Berry, Filip Lievens
Research Collection Lee Kong Chian School Of Business
Sackett et al. (2022) identified previously unnoticed flaws in the way range restriction corrections have been applied in prior meta-analyses of personnel selection tools. They offered revised estimates of operational validity, which are often quite different from the prior estimates. The present paper attempts to draw out the applied implications of that work. We aim to a) present a conceptual overview of the critique of prior approaches to correction, b) outline the implications of this new perspective for the relative validity of different predictors and for the tradeoff between validity and diversity in selection system design, c) highlight the need …
Quantifying Taxi Drivers' Behaviors With Behavioral Game Theory, Mengyu Ji, Yuhong Xu, Shih-Fen Cheng
Quantifying Taxi Drivers' Behaviors With Behavioral Game Theory, Mengyu Ji, Yuhong Xu, Shih-Fen Cheng
Research Collection School Of Computing and Information Systems
With their flexibility and convenience, taxis play a vital role in urban transportation systems. Understanding how human drivers make decisions in a context of uncertainty and competition is crucial for taxi fleets that depend on drivers to provide their services. As part of this paper, we propose modeling taxi drivers’ behaviors based on behavioral game theory. Based on real-world data, we demonstrate that the behavioral game theory model we select is superior to state-of-the-art baselines. These results provide a solid foundation for improving taxi fleet efficiency in the future.