Uber surge pricing after a bomb blast in NYC is The Market working as designed. https://www.theguardian.com/us-news/live/2016/sep/18/manhattan-explosion-several-injured-in-blast-rolling-report …pic.twitter.com/gnHX0uxakk
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Uber artificially turning off surge pricing is PR that they won’t need once they have an even stronger position.https://twitter.com/aral/status/777412786305589248 …
Think about that before celebrating their “disruption” and the rush to an oligopoly of self-driving cars.https://twitter.com/aral/status/777413141433114624 …
same thing happened after Brussel's airport bombing - normal taxis offered free rides back to city, @Uber surge priced
@el33th4xor isn't surge pricing supposed to attract more drivers to the area? More cars, more people get a ride home.
beyond a certain level, the surge simply goes to the uber coffee. It cannot materialize drivers beyond a certain limit.
coffers, not coffee.
In times of life and death choices, the market will price some people's utility at zero or less: http://www.bradford-delong.com/2016/08/must-read-i-dont-know-if-i-dare-show-this-to-joachim-voth-lest-he-be-thereby-driven-into-shrill-unholy-madness-and-ha.html …
Not even sure if "the Market" is really "the Market".
Same happened with plane tickets couple of months ago after fires in Canada
airlines are for profit companies. The government should take care of welfare.
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