3 ms·
That is not true. If they were non transferable, a limited supply would still stay at the governmental set price.
by ketzu 10y ago
That is not true. If they were non transferable, a limited supply would still stay at the governmental set price.
- aminok 10y agoCompetition for the limited supply of licenses would manifest itself in other ways, resulting in $200,000 worth of economic resources being used, on average, to acquire a license. More importantly, the high market price of a transferrable license indicates there is a shortage of taxis relative to demand for taxi service, which has a cost for the economy.