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Vancouver was a great example of the corruption inherent in monopolies. Vancouver had neither Lyft nor Uber until 2020. I heard (internally, when I used to work
by avidiax 2y ago
Vancouver was a great example of the corruption inherent in monopolies. Vancouver had neither Lyft nor Uber until 2020. I heard (internally, when I used to work for Uber) that the reason is that some politicians there had a personal stake in the taxis, so they got a $50 minimum fare passed for all booked rides.
The thing that Uber and Lyft really provided was a surveillance economy to keep both the drivers and riders somewhat in-line. Without it, every ride is an almost anonymous one-shot transaction with almost no recourse on one side, so the game theory suggests that service only has to be good enough that the police aren't called.
https://www.urbanyvr.com/uber-lyft-vancouver-launches/ https://www.urbanyvr.com/uber-lyft-vancouver-launches/