Uber’s algorithmic pricing leaves drivers and passengers worse off
Uber’s algorithmic pricing leaves drivers and passengers worse off
www.ox.ac.uk New Oxford research reveals Uber’s algorithmic pricing leaves drivers and passengers worse off | University of Oxford
A new study from researchers in the University of Oxford’s Department of Computer Science has found that Uber’s use of dynamic pricing has led to higher fares for passengers and lower earnings for drivers, whilst increasing Uber’s share of revenue.
Uber’s use of dynamic pricing has led to higher fares for passengers and lower earnings for drivers, whilst increasing Uber’s share of revenue.
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I wonder how better off a competitor would be if they charge fixed price to both driver and consumer. Like, straight up just take only 2 USD from both. What is the BEP for infra and development?
Algorithmic pricing working exactly as designed.