In message , at 15:50:48 on Sat, 1 Apr 2017,
tim... remarked:
the one thing about the taxi trade is that they can't monopolies the
market through lower fares and then hike them when the competition
pulls out

the barriers to entry for a taxi company are so low that if you take
your fares back up to the regulated maximum the competition will soon
pile back in again.

to keep the competition out you have to keep your fares low forever

which is fine if your costs of operation really are low enough to
support that, but does mean that operating an unsustainably low fare
to grab market share doesn't work.

Except Uber is trying that.

I know

So your theory crashes in flames.

but as it hasn't got to the "lets put the fares up again" bit, how
does, where we are now prove that it will work?

That's what the investors and the competition regulators do for a
living, predicting how it will all turn out.
--
Roland Perry