Last month, California became the first state to establish a set of regulations on the bevy of new companies that summon rides-for-hire via smartphone apps. Most prominent among such services are Lyft (a pure “rideshare” in which the fee you pay is officially a donation) and Uber (which offers various services in 31 cities in the Americas, including ones that summon taxi cabs, some that send licensed limo drivers, and some that just send, like Lyft, private individuals in their cars).
[W]hat does it mean to “referee” the competition between producers and consumers if not to raise prices and incumbent profits?
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