3 years ago
robertr
in English · 5,070 Views
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Looking for Perfect Price Discrimination?
Uber cabs use a system of price surging to meet rising demand. When lots of people want rides the price goes way up. A lot of people think this is where the government should step in, when it looks like price gouging is obvious. Still, its not so simple, other industries like the hotel industry use similar price discrimination to meet demand. They regulate themselves by not spiking the price too much.
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3 comments
interesting, people will probably stop using uber if these prices get so high
3 years ago·Reply
why? price discrimination means the demand has soard
3 years ago·Reply
soared
3 years ago·Reply