Re:Chicago taxi industry sliding towards collapse
by brianwawok on Friday June 09, 2017 @04:49PM
(#14524437)
As long as Lyft is around, they can't.
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Re:Chicago taxi industry sliding towards collapse
by incongruity on Friday June 09, 2017 @04:58PM
(#14524516)
You're right. There are no markets in which a few dominant players capture significant profits because there are only a few dominant players who exploit barriers to entry or network effects to stay on top...
Except pharma, telecom, energy, airlines and one or two others...
Re:Chicago taxi industry sliding towards collapse
by TheLongerCon on Friday June 09, 2017 @07:46PM
(#14525402)
The barriers to entry with ride sharing are absurdly lower than anything else on that list. The network effect is pretty weak, because it doesn't cost consumers/drive more time or energy to keep multiple apps on their phone.
Re:Chicago taxi industry sliding towards collapse
by cortesoft on Friday June 09, 2017 @06:19PM
(#14525034)
Other than pharma, you just mentioned 3 industries that have very low margins. They aren't making a ton of money on their monopolies.
Re:Chicago taxi industry sliding towards collapse
by brianwawok on Friday June 09, 2017 @06:22PM
(#14525052)
Indeed I think he proved my point.
I am not sure who would like taxi industry to pharma?