Re:Uber and Lyft surge pricing drives SF customers back to t...
by rehitman on Friday July 09, 2021 @06:13PM
(#27789106)
Am I only one who is against regulation? Seems that in few of these big cities we are back to where we were 10 years ago. I remember when I was student in Toronto, taxi cab was so expensive that taking one was completely out of reach for student. If you miss a bus at night, sometimes it was better to wait until next morning or just walk. At the same time you would see lines of taxis in the Front street ideal and not working because prices were so much higher that what people could pay. Combination of price fixing, super expensive taxi license, different insurance that legally drivers had to buy made it completely impossible to move a taxi with lower price. I think at the end both drivers and customers are hurt by this.
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Re:Uber and Lyft surge pricing drives SF customers back to t...
by spywaregorilla on Friday July 09, 2021 @06:27PM
(#27789228)
Is there any evidence that this is due to regulation and not just market forces coupled with a finite pool of burnable vc funding?
Re:Uber and Lyft surge pricing drives SF customers back to t...
by pseudo0 on Friday July 09, 2021 @10:39PM
(#27790692)
Toronto taxi medallion prices peaked at $360k CAD prior to Uber entering the market [0]. That seems like pretty strong evidence of the system being coopted to serve the interests of medallion holders rather than consumers.
[0] - https://globalnews.ca/news/1780260/toronto-taxi-licence-pric...
Re:Uber and Lyft surge pricing drives SF customers back to t...
by gms on Saturday July 10, 2021 @08:44AM
(#27792989)
Market forces alone (in particular: competition) don’t lead to consumers being hurt.
Re:Uber and Lyft surge pricing drives SF customers back to t...
by spywaregorilla on Monday July 12, 2021 @11:31AM
(#27811289)
Market forces lead to consumers being hurt all the time due to externalities, information asymmetry, monopolistic / monopsonistic / platform owner powers, etc.