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How 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. Be
by s1artibartfast 2y ago
How 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.