Tuesday, November 1, 2016

What Ridesharing on Halloween Can Teach You About Incentives

This article was written on October 28th 2016. It was written by Lydia Belanger and I found it on entrepreneur.com. What this article oes on first to explain is that it goes on to explain how some days are busier than others in the year as we know with a few examples being New Years and Halloween. If we really dive into the really meat and potatoes of the article we can see that it is all about what most people that work for carpool companies prices rise and fall. It explains how during Halloween most prices for carpooling companies will rise since the demand for carpools higher due to the amount of people needing to be carpooled. It is actually quite interesting because it is interesting to look and see how if it is not for a certain holiday or special occasion how they wont pay for a higher fare. But other than that this is a prim example about how a holiday can really affect the supply and demand curve because due to it being a special holiday the demand for carpooling is higher so in order for the carpool companies to try to make a little for money they will raise the price because they already know that people are really going to need a carpool. Also what these companies will do is that they give drivers certain incentives. They article used the example "do you want and Halloween treat?" It the went and listed a bunch of different promotions that drivers can achieve by meeting certain criteria in terms of the driving hours or how many rides they do. So what this does is that in gets more drivers on the road so that they can pick up more passengers to increase the amount that they might get out of doing it. How this relates to the world today is that life is full of incentives and sometimes people will be really willing to go out of their way and try to do what ever they can do try to get something out of those incentives. Also it shows how supply and demand can change by there just being a holiday.

https://www.entrepreneur.com/article/284288   

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