September 1, 2014

CONTROL IS THEIR TOP PRIORITY: Liberals Not So Hot On Uber. “One weakness of Uber’s business model is that it is easy to replicate, but so are cheap hamburgers, which is why we have lots of fast-food burger chains and we don’t need a Big Mac regulator, and why Uber is unlikely to achieve any kind of durable monopoly position. One way they actually might, however, is if app-based car services become subject to government regulation, in which case the industry will become cartelized for the benefit of incumbent firms. The scholarship on this point, and the empirical evidence behind it, is overwhelming—so overwhelming that you’d think even Salon might get it.”

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