The paper is structured as follows: the second chapter presents the taxi market, describing the operational modes.
The third chapter resumes the different models presented in the literature, from the aggregated models until the
equilibrium models. The next chapter highlights the most important ideas and results from the literature review,
analyzing the operational modes, the market equilibrium and the regulation of the taxicab markets. The fifth chapter
presents an overview of the taxi markets in different cities around the world, resuming the deregulation
consequences observed in the deregulated markets. Finally, the last chapter contains the conclusions obtained from
the literature and state of the practice review and proposes the development of a new model for the study of the
taxicab market