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Which works fine until there's also a Lyft car that's not price gouging. You can only price discriminate if you have a monopoly.
by peteretep 10y ago
Which works fine until there's also a Lyft car that's not price gouging. You can only price discriminate if you have a monopoly.
- kilroy123 10y agoAgreed. I really hope Lyft grows and sticks around. There needs to be competition in this space. I could foresee a future where Uber wins, normal taxis go away. Then Uber because shity just like taxis have always been.
- jboles 10y agoI don't foresee such a future. Previously the barrier to entry by Uber, Lyft, etc. was government regulation. With those entrants the market is effectively deregulated. Short of the taxi cartel joining forces with the Uber drivers, Uber becoming "shitty" won't happen because people would switch to Lyft or back to taxis.
- WalterBright 10y agoA monopoly is not required. It works fine as long as the price differential is low enough that the user decides it is not worth the effort to investigate alternatives. Variable pricing is applied all the time in all sorts of businesses. It even happens when there is a sticker price.
- hueving 10y ago>It works fine as long as the price differential is low enough Then it wouldn't really be price gouging.
- startling 10y agoyou missed the last chunk of that sentence: " that the user decides it is not worth the effort to investigate alternatives.". If I don't have a Lyft account and have only ever used Uber, I may not want to go through the hassle of downloading the app, registering, having Lyft text me, etc etc.
- hueving 10y agoIt's still not price gouging. Your premise is that the price difference is not low enough to bother checking, which means there is no price gouging.
- fiatjaf 10y agoOf course it is not. You can come up with thousands of situations in which you can increase your price without having a monopoly, just that they don't explain anything meaningful.