Tag: Price Discrepancies

Taxify steps up battle for drivers with surge price | Business Daily

Taxify steps up battle for drivers with surge price | Business Daily

Online taxi hailing company Taxify has introduced demand-based charges, also known as ‘surge’ pricing, as it seeks to attract more drivers to its platform. The company introduced the pricing two weeks ago “to motivate drivers to go online during periods of high demand”. This pricing mechanism allows the cab-hailing firm to temporarily raise prices on […]

Cinema ticket: Cinema ticket pricing will vary according to movies, says Assn | ET Retail

Cinema ticket: Cinema ticket pricing will vary according to movies, says Assn | ET Retail

Cinema ticket pricing will be dynamic and it could be decreased or increased not exceeding the maximum threshold fixed by the Tamil Nadu Government,a top functionary of State film exhibtors association said today. Tamil Nadu Film Exhibitors Association president Abirami Ramanathan said, “we will not kill ourselves by immediately fixing the ticket rate uniformly at […]

StubHub, Ticketmaster Under Investigation for Misleading UK Consumers | TicketNews

StubHub, Ticketmaster Under Investigation for Misleading UK Consumers | TicketNews

Findings show that 26% of tickets for comedian Jack Whitehall’s Eventim Apollo show ended up on these four secondary sites, as did 17% of tickets for Lady Gaga at the O2 Arena in London and 15% of tickets for the first night of the BBC Proms at the Royal Albert Hall. Upon the publication of […]

Governments are cracking down on Uber because they don’t understand it | Rare

Governments are cracking down on Uber because they don’t understand it | Rare

So how does this two-sided market work? First, drivers choose which app to use based on the cost of the using the platform and the number of riders. Uber knows this, so it tries to attract as many riders to use the app as possible by offering them the service for free, and giving them […]

Uber Pushed the Limits of the Law. Now Comes the Reckoning | Bloomberg

Uber Pushed the Limits of the Law. Now Comes the Reckoning | Bloomberg

Shortly after taking over Uber Technologies Inc. in September, Dara Khosrowshahi told employees to brace for a painful six months. U.S. officials are looking into possible bribes, illicit software, questionable pricing schemes and theft of a competitor’s intellectual property. The very attributes that, for years, set the company on a rocket-ship trajectory—a tendency to ignore […]

Price discrimination online | Livemint

Price discrimination online | Livemint

Today’s online marketplaces focus on demand, and when demand peaks, use a mechanism called ‘surge pricing’ to price-discriminate among potential customers. The new algorithm I spoke of last week would also consider the supply-side of the equation, as well as how perishable the traded items are, and allow suppliers to bid against each other when […]

Uber suspends dynamic pricing amid NSL disruption | Channel NewsAsia

Uber suspends dynamic pricing amid NSL disruption | Channel NewsAsia

SINGAPORE: Ride-hailing service Uber said it will temporarily suspend dynamic pricing amid the massive disruption to train service along the North-South Line (NSL) on Saturday (Oct 7). According to an Uber Singapore spokesperson, the company is working with the Land Transport Authority “to assist with the MRT service disruption between Ang Mo Kio and Marina […]

When is Pricing Predatory? | Lexology

When is Pricing Predatory? | Lexology

Are well-funded, industry-disrupting market entrants in the sharing economy engaging in unlawful predatory pricing? Some have raised concerns that popular ride sharing services and other similar startups have created a dangerous probability of a monopoly by implementing business models that are designed to gain market-share by initially operating at a loss. These companies have raised […]

LTFRB justifies approval of recent taxi-fare increase | BusinessMirror

LTFRB justifies approval of recent taxi-fare increase | BusinessMirror

The current fare matrix is as follows: a P40 provisional flag down rate, P3.50 per succeeding 300 meters and a P3.5 charge for waiting time. The board decided to rule in favor of several consolidated petitions Prices of gasoline have increased over the course of the seven-year hiatus on permanent taxi-fare adjustments. “What convinced the […]

Uber imposes waiting charge on tardy riders in Singapore | Channel NewsAsia

Uber imposes waiting charge on tardy riders in Singapore | Channel NewsAsia

SINGAPORE: Uber passengers – show up on time or pay a penalty. Ride-hailing service Uber said on Monday (Oct 2) it has begun charging passengers a late fee of S$0.20 per minute, if their drivers are kept waiting for more than three minutes. The timer begins when the driver arrives at the pickup location and […]