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Tag: Surge Pricing

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 […]

JustGrab much better since launch, say drivers, Latest Singapore News | The New Paper

JustGrab much better since launch, say drivers, Latest Singapore News | The New Paper

He used to ply the roads for passengers, receiving only about 10 bookings on GrabTaxi per day. Now, about a month after Grab launched JustGrab, Transcab taxi driver Kenn Lim is seeing a steady stream of bookings on the app, receiving more than 15 bookings per day on average. JustGrab, which launched on March 29, […]

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 […]

Wrigley Field parking ‘surge pricing’ is on slippery slope to price gouging | Chicago Tribune

Wrigley Field parking ‘surge pricing’ is on slippery slope to price gouging | Chicago Tribune

The urge to surge price is upon us, so get ready to pay up and up. One of the more glaring examples of local “surge pricing” emerges next Monday around Wrigley Field, just in time for the 2016 World Series champion Chicago Cubs’ home opener. Taking advantage of anticipated sky-high demand for parking, the city […]

ComfortDelGro taxis to offer flat fares from next Monday | The Straits Times

ComfortDelGro taxis to offer flat fares from next Monday | The Straits Times

The flat fare option computes fares and flashes this ahead of a trip, taking into account the distance to be travelled and all existing surcharges, including the booking fee. “Once a flat fare is chosen, there will be no additional surcharges unless the passenger changes the destination point or makes unplanned stops along the way,” […]

Don’t stop taxi industry from adapting to competition: Ng Chee Meng | Channel NewsAsia

Don’t stop taxi industry from adapting to competition: Ng Chee Meng | Channel NewsAsia

SINGAPORE: Amid stiff competition from Grab and Uber private-hire cars, the local taxi industry should not be stopped from adapting to new market conditions, such as by introducing dynamic pricing, said Second Minister for Transport Ng Chee Meng in Parliament on Tuesday (Apr 4). Last month, local taxi companies were given the green light to […]

ComfortDelGro opts not to introduce dynamic pricing | Singapore Business Review

ComfortDelGro opts not to introduce dynamic pricing | Singapore Business Review

It will instead adopt a flat fare structure. Authorities recently gave a go-ahead for taxi operators to introduce dynamic pricing for trips booked through mobile applications. ComfortDelGro has chosen not to introduce such scheme for now, and will instead adopt a flat fare structure for mobile bookings. According to a report from UOB KayHian, the […]

Cheaper Movie Tickets May Be Easier Than Ever With A New App | Huffington Post

Cheaper Movie Tickets May Be Easier Than Ever With A New App | Huffington Post

“We partner with a cinema and they have a portal they put their prices through, our algorithm provides recommendations to price tickets, which is what the customer sees,” Thatcher said. If that’s all too confusing, basically the cinemas are in control with the ability to choose specific movie sessions that might not sell out, and […]