Leasing a licence to drive a taxi or giving a cut of the fares to a ride-sharing company?

Taxi drivers in the United States pay upfront to buy or lease a medallion and keep the fares for themselves. With Uber or Lyft drivers, instead, no medallion is required, but they must pay a proportion of the fares to the ride-share companies. Sydnee Caldwell and colleagues conducted a series of experiments and found a strong aversion to the medallion lease model among drivers: 81% of them would prefer paying a 25% fee to paying a $200 weekly lease.