Here in Rio Uber doesn't have much space to hike prices before local yellow cabs become much cheaper. Uber seems to arrive at new locations with offering price

Here in Rio Uber doesn't have much space to hike prices before local yellow cabs become much cheaper. Uber seems to arrive at new locations with offering price savings that pretty much amount to dumping, and would be strongly opposed by consumers and antidumping regulators (the usual pushback doesn't come from them) if established cab services weren't such an annoying, low-level-of-service monopoly. But hey, yellow cabs here have improved a lot (better cars, better service) and prices are approaching parity.