(Course Name and Number) (Date Submitted)
The Likely Impact of Uber and Other Similar Companies to Operate On the Equilibrium of Taxi Markets
Uber, the ground-breaking app that has since allowed users to commission the service of an accredited driver for an agreed fare using only their smartphones, has stood up to various challenges against taxi markets in major cities around the world. New York City, perhaps best known for the convenience of its yellow-cab services, has treated Uber as a threat to the value of its taxi medallions, which has since diminished since demand for the services provided by the app rose (Brustein, 2014). The case of London currently stands as perhaps the most vociferous ...
