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Uber and Lyft may have diminished the taxi medallion system, but the “medallion” idea can still be applied in other places! One weird local government tip.

Oct 30, 2017

Automotive / Cars, Law, Government, & Politics, Small Business

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Background: Taxis in many cities operate under what is called a “medallion system” (Figure 1), whereby the supply of taxis is limited by a fixed quantity of tokens (“medallions”) that are issued in controlled quantities by the city. Proposal: For some reason, almost nothing else is regulated in this manner. But there are other services…