Uber Surge Pricing
The cluster focuses on Uber's surge pricing and dynamic pricing strategies, debating their mechanics, benefits for matching supply and demand, potential for price gouging, and comparisons to traditional taxi pricing.
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Solution for Uber: allow drivers to set prices. I wonder how long that would last.
Uber sets the price. That's the point.
Yes - http://blog.uber.com/dynamicpricing
some people hate the idea of surge pricing, but it guarantees quality of service. it would be impossible to get enough drivers to satisfy demand
Doesn't uber itself game the surge pricing? That is, they'll show you surge prices more often if you have shown a tendency to accept them.
Its also in uber's best interests to charge more money if possible.
Uber didn't invent upfront pricing. If you pass the cost of traffic onto the customer then drivers will drive in traffic on purpose and rinse the riders.
Surge pricing essentially does this on Uber's platform
It says this on the Uber website:> In these cases of very high demand, prices may increase to help ensure that those who need a ride can get one. This system is called surge pricing, and it lets the Uber app continue to be a reliable choice.The fact that only a fraction of the fare increase goes to the driver is misleading at best.https://
I thought that both Uber and Lyft change their rates (surge pricing) when they want to attract more drivers? Then it seems more like a task auction related to supply and demand (drive now for X, drive later for X+).