Re:SF cracks down on ‘Monkey Parking’ mobile app
by gizmo686 on Monday June 23, 2014 @03:04PM
(#7933810)
They are proving value by solving a market inneficiency (a good, parking spaces, being available at sub-market rates, free). As such, they have a right to some of the profits.
By increasing the cost of parking spaces, they improve the efficiency of allocation by making sure they go to people who value them at $20 before people who value them at 0.003$
Or, more likely, they live outside of US juristiction, so they have plenty of time to make a profit, and when the law does catch up to them, they are likely not looking at anything worse then needing to shut down the service.
By increasing the cost of parking spaces, they improve the efficiency of allocation by making sure they go to people who value them at $20 before people who value them at 0.003$
Or, more likely, they live outside of US juristiction, so they have plenty of time to make a profit, and when the law does catch up to them, they are likely not looking at anything worse then needing to shut down the service.