> The simple answer is not to construct a market, but just have the government set a reasonable price.
My point is that all markets are artificially constructed. Having the government set prices is simply constructing a market using a different set of rules.
Your proposal sounds like applying the "all-payer" system to ambulance service.
My point is that all markets are artificially constructed. Having the government set prices is simply constructing a market using a different set of rules.
Your proposal sounds like applying the "all-payer" system to ambulance service.
https://en.wikipedia.org/wiki/All-payer_rate_setting
There probably isn't a more appropriate use case for all-payer than ambulance service!
> Also, comparing Uber to an ambulance is silly. They aren't comparible services.
Au contraire -- it's a brilliant, revealing comparison. It illustrates exactly what is missing from ambulance service today: price transparency.