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by jakelazaroff
2589 days ago
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> What the drivers are doing is not bidding, it is colluding to hide the true market price, i.e. what the lowest bidder would actually be willing to accept. That is illegal. Is that what's happening? The drivers have no ability to coerce other drivers. It seems to me that if there were a driver willing to accept a lower price, they would do so. But not enough drivers are willing, so Uber/Lyft is forced to increase its offer. |
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What is really happening here is that Uber wants the drivers to play a multi-player prisoner's dilemma, and the drivers want to coordinate cooperation. Uber wants to force the price to the lowest that the market will bear and the drivers want to force the price to the highest the market will bear. The rules of capitalism are specifically designed to produce the former outcome.