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Is there any evidence that this is due to regulation and not just market forces coupled with a finite pool of burnable vc funding?
by spywaregorilla 5y ago
Is there any evidence that this is due to regulation and not just market forces coupled with a finite pool of burnable vc funding?
- pseudo0 5y agoToronto taxi medallion prices peaked at $360k CAD prior to Uber entering the market [0]. That seems like pretty strong evidence of the system being coopted to serve the interests of medallion holders rather than consumers. [0] - https://globalnews.ca/news/1780260/toronto-taxi-licence-prices-are-plummeting-is-uber-to-blame/ https://globalnews.ca/news/1780260/toronto-taxi-licence-pric...
- gms 5y agoMarket forces alone (in particular: competition) don’t lead to consumers being hurt.
- spywaregorilla 5y agoMarket forces lead to consumers being hurt all the time due to externalities, information asymmetry, monopolistic / monopsonistic / platform owner powers, etc.