I haven’t seen any proof but it seems like Lyft does this. I almost never accept surge prices and I absolutely will never accept anything beyond 1.5x. Often if I leave the app open or check back 30 seconds later it will lower the surge rate.
It makes sense if you think about it: giving people who won’t pay surge prices a ride anyway makes drivers scarcer for those who will pay, raising surge prices even further.
I’m pretty sure that surge pricing outside a narrow range will eventually be made illegal. It makes too many people too angry and they’d rather get on a car waiting list than see a 3x price. You can argue the economics all you like but people are irrational.
It makes sense if you think about it: giving people who won’t pay surge prices a ride anyway makes drivers scarcer for those who will pay, raising surge prices even further.
I’m pretty sure that surge pricing outside a narrow range will eventually be made illegal. It makes too many people too angry and they’d rather get on a car waiting list than see a 3x price. You can argue the economics all you like but people are irrational.