There was already quite some debate about surge pricing, in particular re [illegal] taxi services.
What I missed so far, are discussions about the economic or raher ethical character of abusing surges and their price tag instabilities. Like, how would you depict such developments in price elasticity graphs; shooting up and down on-curve, and curve shifts included. Is orderly society permissive of such hog cycle disruptions ..? [Term pointing at the characterisation of the CEOs that not want to see anything in/human in what they do]
The asymmetry (shooting) on the curve, is market imperfection; the curve shifts in the long run, are better captured by ‘classical’ economics. Again: the ethical ramifications aren’t value-free (tauto), aren’t of uninterest to anyone that values freedom — as that requires markets to function, which is done by regulating them. The latter is proven so many times I don’t even want to discuss it here.
Stock markets, and stocks, are capped qua max change (volatility spikes), the most extreme competitive markets out there;
why wouldn’t other markets have the same ..?