internet cube

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…