3 ms·
> It can't be a scam if customers have full information before they agree It absolutely can be, if customers don't know how that price is generated, which you
by consteval 2y ago
> It can't be a scam if customers have full information before they agree
It absolutely can be, if customers don't know how that price is generated, which you don't. You agree but you don't have the full facts. Your friend could be paying half and you're getting ripped off.
And, to be clear, many taxis before Uber did actually advertise their rates. This is the same situation then, but even better, because you know your rate isn't for you, it's for everyone.
- s1artibartfast 2y agoHow the price is determined is irrelevant in my mind. If you know the price, you can choose to accept it or not. I never took a taxi with posted trip cost. Best was price per mile/time and the cabbies wouldn't tell you how for or long it would take
- CaptainFever 2y agoNote that the economic term for this is price discrimination, and it isn't necessarily a bad thing: https://www.investopedia.com/terms/p/price_discrimination.asp https://www.investopedia.com/terms/p/price_discrimination.as...
- s1artibartfast 2y agoSeller price discrimination is a different phenomenon from what I am discussing. I am hinting at how ex-ante price disclosure or negotiation reduces transactions costs of triangulation and trust.