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The value of a medallion

by Jadrian

NYC and other large cities issue medallions to give taxi drivers the right to operate in the city. When there's a natural limit on the amount of licenses, these quota holders can profit from their license. The value of the license is tied to how few licenses exist. Competition from car services (like Lyft and Uber) decrease the value of the licenses.

Bloomberg -- Taxi Medallion Money Makes NY Trading Look Cheap

Correspondents discuss the value of a medallion/

from Bloomberg (2013)
Creator: Bloomberg
Distributor: Bloomberg
Posted by Jadrian