Tuesday, March 4, 2014

Uber: Jacking up taxi fares for the common good

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The Uber taxi app for iPhone and Android.


Paying two, three or even ten times as much as usual for a taxi ride across town sounds like a pretty crappy deal, right? But I’m sure you can imagine times when you’d be happy to pay it – times, for example, when demand is so high that it’s impossible to get a ride. And that’s the theory behind Uber, a mobile app that’s aiming to use basic economic theory to eliminate taxi bottlenecks. And as it turns out, it just might end up being better for everyone... Continue Reading Uber: Jacking up taxi fares for the common good



Section: Urban Transport



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via http://www.gizmag.com/


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