tag:blogger.com,1999:blog-1752771132348583018.post6847938456664359020..comments2024-03-28T02:20:05.273-05:00Comments on Managerial Econ: Make the rules or your rivals will: the economics of taxis in New York CityLuke Froebhttp://www.blogger.com/profile/06832270922187297624noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1752771132348583018.post-34653842354275515442011-11-09T16:51:55.696-06:002011-11-09T16:51:55.696-06:00I believe it's even worse than this. The medal...I believe it's even worse than this. The medallions originally sold for $10 in 1937. This equates to roughly 17% per year price appreciation from then to the $1 million medallion sold in 2011. That $200 minimum net is more like $465.Anonymousnoreply@blogger.com