The Rise & Fall of Taxi Medallions
Автор: CityXcape
Загружено: 2020-03-23
Просмотров: 9949
Описание:
Taxi medallions, also known as taxi licenses, are permits or licenses issued by local governments to regulate and control the operation of taxis within a specific jurisdiction. These medallions are typically issued in limited quantities, creating a system of scarcity and value. However, with the rise of ridesharing services like Uber and Lyft, which operate under different regulatory frameworks, the value of taxi medallions has declined significantly in some areas. The competition from ridesharing services, combined with changes in consumer behavior and technology, has disrupted the traditional taxi industry and led to a huge decrease in medallion prices. In other words, thanks to rideshare, medallions are now practically useless.
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