Why Does a Taxi Medallion Cost $1 Million?   Leave a comment

taxis in Times Square, NYCSummary: A history of taxicabs in New York sheds light on why a single taxi medallion, which serves as a permit to operate a cab in the city, would be sold for $1 million.

Link: http://www.npr.org/blogs/money/2011/11/29/142866785/the-tuesday-podcast-why-does-a-taxi-medallion-cost-1-million

Original Air Date: November 29, 2011

Length 19:40

Main story content begins: 0:00 (Planet Money indicator discusses the price of a taxi medallion itself).

Posted June 27, 2012 by audioecon in Government, Planet Money, Regulation

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