Tag: Surge Pricing

Try as it might, LTFRB can’t repeal the law of supply and demand | Rappler

Try as it might, LTFRB can’t repeal the law of supply and demand | Rappler

Regulating ‘surge pricing’ Market prices orchestrate the decisions of consumers and producers. In the case of Uber and Grab, riders want to hail vehicles when prices are low, while drivers want to ply the streets when prices are high (or “surge”). Governments worldwide are particularly keen to regulate “surge pricing.” It is often taken as […]

Will MoviePass Give Theaters A Jolt Of Innovation, Or Is It Doomed To Fail? | Deadline

Will MoviePass Give Theaters A Jolt Of Innovation, Or Is It Doomed To Fail? | Deadline

MoviePass is the answer to movie theaters’ prayers. No, it’s just another challenge for an already beleaguered industry. No, it’s a crazy idea that’s doomed to fail. RelatedWill MoviePass Give Theaters A Jolt Of Innovation, Or Is It Doomed To Fail? Industry watchers have voiced all three theories this week about a business that few […]

KnocKnocK founder Jordan Liu on why you should purposely start your business small and un-scalable | e27

KnocKnocK founder Jordan Liu on why you should purposely start your business small and un-scalable | e27

The convenience of pickup/delivery is actually just one pain point of traditional shops which mobile internet technologies in 2014 were well-developed enough to improve efficiency and reduce cost. We studied a few sectors of household chores and found that laundry services had the highest frequency of usage, and decided to give it a try. KnocKnocK […]

How ‘Gaming’ the System Helped This Business Get Thousands More Customers | Entrepreneur

How ‘Gaming’ the System Helped This Business Get Thousands More Customers | Entrepreneur

Sometimes it’s busy, sometimes it’s slow. Such is the nature of running nearly any kind of business. Off-season lulls seem to drag on forever, and bad weather causes customers to change their plans and spend their dollars elsewhere. Simply offering a coupon, sale, matinee price or happy hour doesn’t always cut it. Even dynamic, demand-based […]

Railways should explore non-fare revenue sources for growth: Economic Survey | The Economic Times

Railways should explore non-fare revenue sources for growth: Economic Survey | The Economic Times

The survey has applauded railways for introducing dynamic pricing model which is aimed at enhancing higher passenger revenue without compromising on the passenger volume. The survey has also pointed out that during 2016-17, freight earnings at Rs 1, 04,339 crore, registered a negative growth of 4.5% over 2015-16. However, passenger earnings grew at registered an […]

Dynamic pricing system promises less food waste | Springwise

Dynamic pricing system promises less food waste | Springwise

The Wasteless platform combines radio frequency identification (RFID), a dynamic pricing engine (which considers more than 40 separate factors when calculating price), and electronic shelf labeling. The system allows stores to automatically change prices on any item, in order to offer customers a chance to buy products close to their expiration date for a reduced […]

Soon, new fares for cabs | Bangalore Mirror

Soon, new fares for cabs | Bangalore Mirror

The transport department is making one more attempt to fix minimum fare for taxis operated by the taxi aggregator. A proposal will be sent to the state government in this regards. Transport commissioner B Dayananda claims the proposed fare structure would end the practice of surge pricing and peak time pricing by the aggregators. This […]

Uber drivers gang up to cause surge pricing, research says | The Telegraph

Uber drivers gang up to cause surge pricing, research says | The Telegraph

Uber drivers team up in gangs to force higher prices before they pick up passengers, research has revealed. Researchers at the University of Warwick found Uber drivers in London and New York have been tricking the app into thinking there is a shortage of cars in order to raise surge prices. According to the study. drivers manipulate Uber’s algorithm […]

Uber drivers work together to create price surge and charge customers more, researchers find | The Independent

Uber drivers work together to create price surge and charge customers more, researchers find | The Independent

Uber drivers are deliberately going offline in unison so that prices surge and they can charge customers more when they log back into the app, according to new research. Uber’s so-called dynamic pricing model means that it responds to supply and demand, increasing the cost of a trip at busy times such as when bars […]

Events platform Hapz raises $500,000 seed funding | Tech in Asia

Events platform Hapz raises $500,000 seed funding | Tech in Asia

The company says that event goers can potentially make significant savings on tickets and admission fees using its service, as compared to buying them from outlets where prices are set. Its platform allows users to put in a bid at the price that they’d be willing to pay. It’s similar to the surge pricing model […]