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Re:Uber Makes Economists Sad by anateus on Thursday July 10, 2014 @12:47PM (#8015656)
From the AG's announcement (and Uber's announcement promises to abide by this definition):

New York’s law against price gouging (General Business Law §396-r), was passed in the winter of 1978-79 in response to escalating heating oil prices. It defines an “abnormal disruption of the market” as “any change in the market, whether actual or imminently threatened, resulting from stress of weather, convulsion of nature, failure or shortage of electric power or other source of energy, strike, civil disorder, war, military action, national or local emergency, or other cause of an abnormal disruption of the market which results in the declaration of a state of emergency by the governor.”

Re:Uber Makes Economists Sad by omni on Thursday July 10, 2014 @01:37PM (#8015979)
So now they can't do surge pricing when it rains? The main reason I like Uber in NYC is because it is impossible to get a taxi when it's raining. Seems like this would ruin a big chunk of their value proposition.
Re:Uber Makes Economists Sad by morley on Thursday July 10, 2014 @01:43PM (#8016018)
It doesn't say they can't do surge pricing; they just have a cap on how high it can go during an emergency.
Re:Uber Makes Economists Sad by thisjepisje on Thursday July 10, 2014 @02:22PM (#8016269)
Who decides when a marked disruption is 'abnormal'?