2 ms·
> Despite the "port authority" rules on 'street pricing', the real reason is lack of competition. The real reason is greed. Competitors can work together to fi
by pastacacioepepe 4y ago
> Despite the "port authority" rules on 'street pricing', the real reason is lack of competition.
The real reason is greed. Competitors can work together to fix prices and they usually do. The reason again is greed.
Competition lowering prices only works when the barrier of entry to the market is very low and it's possible for many actors to compete. For SaaS businesses, where competition can virtually scale infinitely, that's true. Not at all for airports, where competition can only be very limited due to material constraints.