Good news for the black market
Between an archaic transit system that has makes its last runs by 1:45AM, and a semi-nationalized taxi lobby that wants to raise fares (who knew that stifled competition increases prices?), it is no surprise to hear of an increasing number of industrious night owls that park outside downtown bars and charging flat rates (i.e., $5) for passengers to anywhere in the city. Also not surprising is that on most weekend nights, these hacks can do pretty well for themselves.
Maybe this is something else that the taxi racket can cry to the Taxicab Board about.
Maybe this is something else that the taxi racket can cry to the Taxicab Board about.
posted by The Rise and Sprawl at
10:25 PM
1 Comments:
The key reason for the price difference lies in the need to support an artificially high price (est $300,000) for the limited permits. And to be sure, the existing holders have a lot of vested interest in never having that number increased. As such, those existing users have become especially adept politically in supporting the status quo.
The second reason for the price difference is the expensive infrastructure required to keep the system running whether that be the archaic management or the provincial rules or the civic rules
Curb siders ignore all of the above and it illustrates that we need to be careful about how far we go to artificially (manage) the market.
This is true whether it be the taxi business, the used car business, the renovation business or a myriad of other underground businesses.
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