Monday, November 16, 2015

Uber adds a feature ...

that converts it into the sort of jitney transit that I described in Chapter 16 of The Machinery of Freedom.

In 1973.


10 Comments:

At 1:15 PM, November 16, 2015, Blogger Shaddox said...

This is an extension of the ride-sharing features already supported by Uber (UberPool) and competitor Lyft (Lyft Line). With those, you input your location and destination and wait a minute or two while they try to find another customer requesting a similar route, and you end up riding together. I have used both of those services quite a bit in the SF Bay Area, and it works reasonably well, although I will typically just the extra to be the only customer in the car since it guarantees faster service.

 
At 2:35 PM, November 16, 2015, Blogger Arthur B. said...

So what are products or enterprises in the same vein which *aren't* being built?

 
At 2:35 PM, November 16, 2015, Blogger Arthur B. said...

So what are products or enterprises in the same vein which *aren't* being built?

 
At 3:46 PM, November 16, 2015, Blogger jimbino said...

Somebody needs to revive the Tontine, which allows a group of unrelated people to pass their accumulated wealth to the last man standing. It would also work in the form of reciprocal wills between two strangers who have no natural heirs. Each would have a chance benefit greatly from a tax-blessed inheritance and the notorious bump-up of basis. Anonymity would eliminate any risk of a murder plot, which in any case already exists in wills involving family members and acquaintances.

Everybody wins but the Taxman and maybe the Salvation Army and other charities.

 
At 3:49 PM, November 16, 2015, Blogger jimbino said...

Even better than the Tontine I just described would be a plan that distributed the estate of the participating deceased among all the others according to an actuarially-sound formula. Competing plans could be listed on a Chicago Tontine exchange.

 
At 6:33 AM, November 28, 2015, Blogger Grant said...

David, what were the barriers to Jitney being adopted? Municipal legislation, or were no entrepreneurs interested?

 
At 8:59 AM, November 28, 2015, Blogger David Friedman said...

The Jitneys were regulated out of existence due to pressure by the trolley companies. For details see:

Ross D. Eckert and George W. Hilton, ‘The Jitneys’, Journal of Law
and Economics 15 (2) (October 1972), 293-325.

 
At 8:47 PM, December 09, 2015, Blogger aem945532 said...

When Uber came out I rejoiced that tech had found a way to get around the state and give us the jitney system

 
At 8:47 PM, December 09, 2015, Blogger aem945532 said...

When Uber came out I rejoiced that tech had found a way to get around the state and give us the jitney system

 
At 7:32 PM, December 12, 2015, Blogger Deja Voodoo said...

Jitney service never completely disappeared. Badger Cab in Madison WI has run a shared-ride zone fare system since 1946.

 

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