Re:Will Uber Ever Stop the Bleeding?
by aetherson on Friday December 01, 2017 @07:18PM
(#15829054)
Price sensitivity doesn't depend on every user obsessively tracking prices.
If Lyft becomes a better deal, a vanguard of users notice it, they word of mouth it, and the equilibrium shifts somewhat. Not all the way, there are price insensitive users. But there are also price sensitive ones too.
If Lyft becomes a better deal, a vanguard of users notice it, they word of mouth it, and the equilibrium shifts somewhat. Not all the way, there are price insensitive users. But there are also price sensitive ones too.