Limiting the Number of Taxicab Medallions

Taxi service is generally regarded as service operates in clearly marked vehicle leases, which is normally available 24 hours a day, has a roof light, and is equipped with a meter to determine the tariff based on time and distanced traveled. NYC taxi medallions are a transferable right granted by the city to pick up passengers without any prior arrangement (www.schallerconsult.com). However, through effective regulation, the dollar value of this right may be heading toward a million dollars. The vehicle may be welcomed in the streets, and took a taxi, or called in advance (www.schallerconsult.com). Most ...