AI Summary

Researchers conducted a study to compare prices on Uber and Lyft, making identical ride requests at the same time to see if prices would be consistent across the two platforms. The study found that despite identical requests, prices varied significantly between the two companies, with 29 different prices observed. This suggests that the pricing algorithms used by Uber and Lyft are not identical, resulting in varying costs for passengers. The findings of this study highlight the complexity of ride-hailing pricing, which can be influenced by a range of factors including location, time of day, and demand.

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