3 ms·

I am saying that if Uber does not set the price, what is to stop desperate drivers from setting their prices at 15% lower than the next driver, other drivers wo

I am saying that if Uber does not set the price, what is to stop desperate drivers from setting their prices at 15% lower than the next driver, other drivers would be forced to do the same and then the rate per trip actually goes down, not up.

908B64B197 6y ago
If drivers are getting desperate, it's because there's an oversupply. What will stop drivers is simply that they won't be able to drive forever if they lose money on rides. That sets a minimal price.