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as in Italy, making medallions transferable lifetime license was the original screwup. in general if a state want's to limit concession to a scarce resource (w
by LoSboccacc 10y ago
as in Italy, making medallions transferable lifetime license was the original screwup.
in general if a state want's to limit concession to a scarce resource (whether riders, coal, fishes) it's best to make them time limited and non transferable, with the current owner having a preferred option for renewal and a bid for reassignment.