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the price increase can incentivize more drivers thus increasing supply. conversely driving the price to zero would certain increase demand and eliminate supply.
by nh23423fefe 6mo ago
the price increase can incentivize more drivers thus increasing supply. conversely driving the price to zero would certain increase demand and eliminate supply.
i mean, if you posit inelastic demand, you dont get you pretend you derived it as a conclusion right?
- esseph 6mo ago> the price increase can incentivize more drivers thus increasing supply But never high enough to meaningfully dilute or really in any way change demand, and by raising the number of drivers, the parent company ultimately still makes more profit. This seems self reinforcing. > i mean, if you posit inelastic demand, you dont get you pretend you derived it as a conclusion right? I'm not pretending anything, I'm considering the reality on the ground when I travel across the US.
- nh23423fefe 6mo ago> But never high enough to meaningfully dilute or really in any way change demand literally you restating inelastic demand assumption > I'm considering the reality on the ground oh, reality is on your side. whoops i didn't realize i was arguing with reality. so you are definitionally correct?
- victorbjorklund 6mo agoAlso it decrease demand. Someone who is feeling ”eh maybe I’ll take an uber or the train” will be more likely to take the train.
- esseph 6mo agoNot an option in much of the US. I'd argue it's mostly a Bay Area and DC corridor thing.
- victorbjorklund 6mo agoYea, but Uber is not only in US. US is a minority of the world.