The limits of Taxis is historical and stemmed from unsafe behavior: not because Taxi companies want to sell medallions for a lot of money. Maybe that's a good

The limits of Taxis is historical and stemmed from unsafe behavior: not because Taxi companies want to sell medallions for a lot of money. Maybe that's a good reason now, but it's unfair to say it's the only reason. > The supply (drivers) will decrease until it meets demand (riders). Maybe? Economics is rarely perfect like this. See the government subsidies of many industries, farming for example. Maybe in the middle of the ebb-and-flow lifecycle you'll have something that works really great: but at the extremes you'll have something that hurts a lot of people for a good amount of time. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2241306 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2241306