Aquinas and Uber: The Justice of Surge Pricing
A significant demographic event or the advent of a natural disaster sees a surge in demand for a particular good or service. Conventional liberal market economics dictates that vendors should increase their prices to restore equilibrium to the market. Such an increase in price would provide an incen...
| Main Author: | |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Wiley-Blackwell
2020
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| In: |
New blackfriars
Year: 2020, Volume: 101, Issue: 1095, Pages: 546-557 |
| Further subjects: | B
Justice
B Economics B Ethics B Price B Aquinas |
| Online Access: |
Volltext (lizenzpflichtig) Volltext (lizenzpflichtig) |
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| 520 | |a A significant demographic event or the advent of a natural disaster sees a surge in demand for a particular good or service. Conventional liberal market economics dictates that vendors should increase their prices to restore equilibrium to the market. Such an increase in price would provide an incentive for vendors to increase output or redirect their resources to those areas where there is a peak in demand. In the case of ride-share operators such as Uber, this is reflected in their surge pricing models to encourage drivers to service those areas where demand has spiked. Is such an increase in price justified according to the ethical principles of St. Thomas Aquinas' economic philosophy? | ||
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