Milestone 3 Triple Clicks Trust Idea 1: Surge pricing
Price of tasks increases with demand.
- A requester submits a set of tasks and then gives a completion date for the set.
- However, the price she set is too low and no one is completing her tasks.
- As the clock ticks down to her deadline, the price of the tasks goes up, from $0.01/task to $0.06/task, based on the ceiling she set for her tasks.
- This increased price/task will begin to bring in workers to her tasks and get them completed by her deadline.
The name of this idea comes from Uber’s surge pricing method, which raises the rate of a ride when there are not enough cars in an area to serve waiting riders. This increased price brings in more cars to the area.