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In fact, the article even said riders "were quoted as much as $221 to get to Waikiki when a cab ride was $44." So if the cab ride was $44, why not just take th
by clamprecht 8y ago
In fact, the article even said riders "were quoted as much as $221 to get to Waikiki when a cab ride was $44."
So if the cab ride was $44, why not just take the cab?!
- lhorie 8y agoOr to put a different way: if there was a taxi service that took you to waikiki on a Maserati for $250, and people were willing to pay for it, what rationale would there be for capping the price to that of other taxi services? If someone is willing to pay more for not having to deal with the hassle of making a phone call or fumbling w/ cash or long wait times or whatever, shouldn't that be fine?
- jwatte 8y agoBecause no cabs were actually available at that price: they were all taken. When there is scarcity, there are three ways to solve it: - allocating to those who exchange (pay) most - allocating based on lottery - allocating based on nepotism We now know what the politicians there prefer.