Re:Can Uber ever make money?
by jfim on Friday April 26, 2019 @04:17PM
(#19761375)
Economically, it does lead to a competition equilibrium, but it does not take into account the cost of externalities such as additional traffic and pollution generated by having more drivers.
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Re:Can Uber ever make money?
by xyzzy_plugh on Friday April 26, 2019 @05:12PM
(#19761774)
At appropriate saturation the number of cars being displaced by riders is significant, though I wonder what that is and how it trends over time.
If I was in college today, I might never consider buying a vehicle.
Re:Can Uber ever make money?
by kevin_thibedeau on Friday April 26, 2019 @05:57PM
(#19762120)
No. What happens is that roads keep becoming saturated until they are clogged with ride shares and the riders bail out when they realize they can walk faster. The equilibrium point creates complete havoc for everyone else and little productive work is actually done.
The roads are already clogged with cars. Does it matter if they are ride shares or not?
A saturated Uber-model ride share market is one where an empty car is seconds away whenever you need one. Idle ride shares matter a lot.