These new smart phone apps, that allow people to connect directly with taxi drivers, instead of going through a dispatcher, might be helping the value of medallions in the short term.
But, longer term, they may open up taxi markets because drivers without medallions might also start using them.
Also, there are new start-ups that let anyone rent out their cars. What's to stop someone from "renting" their car to someone, but do the driving themselves? So they act as a taxi, but they bypass the medallion?
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