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While it might be hard to defend the incumbent taxi industry, and Uber generally seems to be a "good thing" (not convinced that surge pricing is worthwhile howe
by rtpg 13y ago
While it might be hard to defend the incumbent taxi industry, and Uber generally seems to be a "good thing" (not convinced that surge pricing is worthwhile however, I don't think that drivers are reactive enough that increasing price will increase supply when its needed, plus the backwards bending labor curve, but I digress). There might be some reasons for regulating taxis, but things like the medallion systems seem to have been a failure.
Hotels are a different matter entirely: firstly, hotels are usually already pretty correctly priced, and services are usually good (in my experience at least). Secondly, the reasons for hotel regulation are still pretty relevant:
- I don't want my neighbor to sublet constantly, and have people run around. The commons (hallways and stuff) will probably get degraded, and my life will be generally shittier (see various stories about subletters).
- On a more maco-level, with things like rent control, subletting makes the supply even more constrained. Between getting rid of subletting and getting rid of rent control, I'd rather get rid of rent control, but in the meantime subletting is also kind of awful.
airbnb's disruption is not uncontroversial