The rise of transportation network companies (TNCs) such as Uber, Lyft and Didi Chuxing has been well documented, and is viewed with concern by some policy makers and planners. Some have advocated regulating TNCs to address perceived problems, which include unfair competition with existing taxis, a perception that TNCs may be less safe than conventional taxis, road congestion caused by a proliferation of ride-hailing vehicles, and a belief that TNCs may reduce transit ridership. Possible regulations to address these problems include background checks for drivers, safety standards,...