Vancouver was a great example of the corruption inherent in monopolies. Vancouver had neither Lyft nor Uber until 2020. I heard (internally, when I used to work for Uber) that the reason is that some politicians there had a personal stake in the taxis, so they got a $50 minimum fare passed for all booked rides.
The thing that Uber and Lyft really provided was a surveillance economy to keep both the drivers and riders somewhat in-line. Without it, every ride is an almost anonymous one-shot transaction with almost no recourse on one side, so the game theory suggests that service only has to be good enough that the police aren't called.
The thing that Uber and Lyft really provided was a surveillance economy to keep both the drivers and riders somewhat in-line. Without it, every ride is an almost anonymous one-shot transaction with almost no recourse on one side, so the game theory suggests that service only has to be good enough that the police aren't called.
https://www.urbanyvr.com/uber-lyft-vancouver-launches/