Interesting theory that if Uber and other similar platform companies are right that they have on-boarded independent contractors and not employees, then they are enabling the contractors to engage in price fixing/horizontal coordination: https://jalopnik.com/the-legal-argument-that-could-destroy-uber-1834790506 …
Nah, but that's also not a cartel. That's just a simple supply and demand function.
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Uber’s algo is not actually a market. Many people don’t think individual businesses are supposed to explicitly coordinate like that in other industries.
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True, Uber's algo is not a market, but increasing prices to spur increased supply doesn't sound like a cartel or manipulation to me at all. I mean, doesn't it make sense that with taxi stock fixed, prices should rise in the rain?
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