To: Road Walker who wrote (22728 ) 8/17/2010 12:10:36 PM From: TimF Read Replies (1) | Respond to No I don't present a rate scenario. Cab medallions are very valuable in multiple major cities. Particularly in New York, which has more people than a number of states, around 2 and a half percent of our population, and a noticeably (but not easily quantified) higher percentage of demand for cabs. This isn't some small weird town in the boondocks, its one of the largest cities in the world, and not the only city in the US where the right to run a cab is tightly restricted primarily to reduce competition. In other cities that right is also valuable, and the point isn't its value (that's just a side not to show how restricted it is in some cities), but the restriction, which costs our economy money and makes transport within cities (esp. in the poorer areas of cities) more problematic. That's not some rare scenario, it effects millions of people.
