The Tyranny of the Taxi Medallions... And Here Comes Disruption Like a Frigging Train

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    Apr 11, 2013 2:44 AM GMT
    A cool look at the way technology is disrupting a regulated monopoly that exists in many cities:
    http://blog.priceonomics.com/post/47636506327/the-tyranny-of-the-taxi-medallions
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    Apr 11, 2013 11:33 PM GMT
    The concept of ride sharing has been going on for awhile. There is a huge market for it in DC where people line up to ride with random strangers so all can share the HOV lanes.

    One of the problems with this is most insurance companies will not allow you to operate as a livery or taxi driver in a personal vehicle. So by acting as a independent taxi agent you are putting yourself in a good deal of risk.
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    Apr 12, 2013 12:33 AM GMT
    Or how regulation is there to stop people losing money:
    http://www.ibtimes.com/why-bloombergs-plan-more-new-york-city-taxis-stupid-739241
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    Apr 12, 2013 4:03 PM GMT
    PGroove saidOr how regulation is there to stop people losing money:
    http://www.ibtimes.com/why-bloombergs-plan-more-new-york-city-taxis-stupid-739241


    Except that regulations as in this case are designed for regulatory capture for the suppliers not the consumers - riders. Shouldn't policy be optimized instead around people who use the service?