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Price Wars and Why Companies Just Can’t Get Along

November 3, 2015 By Brian Viard

When I was in grade school, fights would occasionally break out on the playground. The commencement of these fights was usually hard to predict: one boy would make a remark to another boy that he did not like, the words would become more heated and then a fight would erupt. Fortunately, these fights usually subsided quickly with no one hurt. Fights between firms can also occur. It is usually in firms’ interests to cooperate and keep prices high. Despite this, firms sometimes engage in ruinous price wars. Although often as unpredictable as schoolyard skirmishes, fights between firms are sometimes a bit more predictable. Here’s how.

Filed Under: All Articles, Economics, ExpertSpeak, Invisible Hand Revealed Tagged With: Beijing Taxis, Price Wars

Invisible Hand Revealed: Mobile Apps that Move Cabs

April 18, 2013 By Brian Viard

In an earlier article I discussed how the regulation of Beijing’s taxi fares had taken taxis off the road. Recently there has been a spate of mobile applications (mobile apps) to address this problem: DiDiDaChe and YaoYaoZhaoChe in Beijing, KuaiDiDaChe in Hangzhou, and DiDi and KuaiDi in Shanghai and Guangzhou. Although varying slightly, these apps […]

Filed Under: All Articles, Automobile Industry, Best Practice, Chinese Economy, Consumers, Economics, Entrepreneurship, ExpertSpeak, Innovation, Invisible Hand Revealed, Know China, Technology Tagged With: Apps, Beijing Cabs, Beijing Taxis, Beijing Traffic, Invisible Hand Revealed, Mobile Apps, Slider, Taxis

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Information, analysis, and interviews about the Chinese economy and doing business in China, from the people who know it best. Presented by the Cheung Kong Graduate School of Business, China's leading business school.


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