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Respuestas recibidas sin formulario I - II- III

Respuestas recibidas sin formulario I - II- III

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Product differentiation: Some new services, and certainly Uber, are introducing more<br />

product differentiation into the market, so as better to meet diverse consumer demand -<br />

for example, in our more mature markets, such as London, Uber offers 4 product classes.<br />

Market equilibrium: The fact is that today many consumers experience longer wait times<br />

for rides at the busiest times of the week (e.g. Friday and Saturday night). At the same<br />

time, after a taxi drivers has paid for a taxi license they feel compelled to work long hours,<br />

but frequently inactive, to recoup the costs. Nonetheless, experience has demonstrated<br />

that the market is underserved during the busiest times of the week, as even if the taxis<br />

are compelled to work during this time, there are not enough taxis available on the streets,<br />

neither in the areas where the public transportation is unexisting. This increase at the<br />

same time the risk of drunk driving. Public policy has resulted in a market that is not in<br />

equilibrium, to the detriment of both passengers and drivers. The future should be based<br />

on a market-determined number of full time drivers complemented by a pool of drivers<br />

ari<strong>sin</strong>g from the ‘sharing economy’.

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