Five colour models were evaluated using the JPEG and uniform quantization algorithms. They form two categories: linear models including XYZ and YIQ, and non-linear models including CIELAB and CIELUV uniform colour spaces, and CIECAM97s color appearance model. The results show that all non-linear models performed better than those linear models, and not much different between non-linear models.
Shao Ying Zhu, M. Ronnier Luo, "An Evaluation of Colour Models' Performance Using Image Compression Algorithms" in Proc. IS&T 7th Color and Imaging Conf., 1999, pp 283 - 288, https://doi.org/10.2352/CIC.1999.7.1.art00054