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Tag: Predatory Pricing

Comfort hooks up with Ryde to offer taxi-booking service | TODAYonline

Comfort hooks up with Ryde to offer taxi-booking service | TODAYonline

The other five taxi operators — SMRT Taxis, Prime Taxi, Premier Taxis, Trans-Cab and HDT Singapore Taxi — partnered third-party booking app Grab to launch dynamic pricing in March. Prices for JustGrab, the dynamic-pricing feature in the Grab app, will depend on factors such as real-time demand and supply, travel time and distance. On the […]

AI-powered dynamic pricing turns its gaze to the fuel pumps | The Register

AI-powered dynamic pricing turns its gaze to the fuel pumps | The Register

Analysis “AI” could soon be making petrol more expensive at times of peak demand like the start of a bank holiday weekend or the school run. Danish data analytics company a2i touts fuel pricing as an ideal implementation of its learning algorithms. The company claims that PriceCast Fuel, its dynamic pricing product, can improve fuel […]

Uber’s new pricing model could upset drivers | Business Insider

Uber’s new pricing model could upset drivers | Business Insider

Uber has been experimenting with a new pricing method in several cities that uses machine learning algorithms to predict the amount a customer is willing to pay for a given ride, Bloomberg reports. Uber hopes to grow its revenue with this new “route-based pricing” system, as it continues to bleed money for rider discounts and […]

Sydney commuters left stranded as bus driver strike continues to disrupt network | 9news.com.au

Sydney commuters left stranded as bus driver strike continues to disrupt network | 9news.com.au

Commuters worried about Uber’s surge pricing during the strike can rest easy today, Uber Corporate Communications Lead Mike Scott told 9news.com.au. “We have let (the drivers) know demand is likely to be higher than normal today,” Mr Scott said. “We’ve seen consistent and reliable availability of cars.” Mr Scott said the average wait time for […]

Surge pricing not taboo for Malaysia, Singapore | The Hindu

Surge pricing not taboo for Malaysia, Singapore | The Hindu

Driving integration Malaysia integrated 13 agencies under one body, the S.P.A.D., to drive integration of public transport. One of its mandates is to change the costly, rent-seeking character of its Pajak taxi license system. Under new laws to be in place by July, drivers would be strictly screened, but helped with financing to buy a […]

House set to vote for more regulations on Uber and Lyft | WTNH

House set to vote for more regulations on Uber and Lyft | WTNH

The bill would require Transportation Network Companies such as Uber and Lyft to register annually with the Department of Transportation; and have drivers submit to background checks, according to Connecticut’s Office of Legislative Research. In addition, it establishes insurance, operational, non-discrimination, accessibility, and alcohol and drug test policy requirements for TNCs. The bill includes provisions […]

Surge pricing of the ride-sharing service hikes with respect to BART failure | Tech With Lifestyle

Surge pricing of the ride-sharing service hikes with respect to BART failure | Tech With Lifestyle

Monday morning, the city of San Francisco’s public transit BART broke down due to failure in power line which leaves thousands of riders without a ride in a busy morning. When the train collapses, many riders tried other ways like the ride-sharing services like Uber and Lyft. The immediate and irrelevant cut in demand made […]

David R. Henderson, Why Predatory Pricing Is Highly Unlikely | Library of Economics and Liberty

David R. Henderson, Why Predatory Pricing Is Highly Unlikely | Library of Economics and Liberty

Introduction A widely held belief is that large firms with some market power can use their profits generated in particular markets to cut prices below costs in another market and drive out their competitors. Then, according to this belief, once the competitors are driven out, the large firms can raise their prices in that market […]

Ridesharing companies made use of the BART outage | TG Daily

Ridesharing companies made use of the BART outage | TG Daily

Dynamic pricing by ridesharing companies The Dynamic pricing or surge pricing occurs when the demand is high. The cost of the rides will be more than the regular pricing because the demand is more than the supply. When the drivers are considerably low the ridesharing company cannot meet with the increasing booking request and so […]

How to tell when Uber’s upfront pricing is overcharging you | Quartz

How to tell when Uber’s upfront pricing is overcharging you | Quartz

“Because Uber overestimates its initial fee, drivers are paid less than they are contractually entitled to,” the complaint states. Paul Maslo, a lawyer representing Dulberg, said Uber’s response is due April 24. Uber last year debuted “upfront pricing,” a new system in which customers agree to their fare before booking a ride. The model was […]