It’s a small market, after all. Es gibt einen kleinen Markt, uber alles.
The taxi industry, berated as “Big Taxi” by Uber and its allies, is in many cities a vested cartel with medallions limiting entry. The nominal economic reason for the medallions are (1) too many taxis roaming the streets creates congestion (since roads are unpriced), and (2) too many taxis drives down wages, and (3) regulation […]