ReadWriteWeb

UK-based SetYourRate.com, which officially launched out of private beta on Tuesday, is attempting to bring Priceline-style economics to the local services industry. The site is cultivating a services marketplace that matches buyers to services providers with a catch: buyers are allowed to name their own price, while service providers compete with one another to meet that price. To me that sounds similar to the service Priceline offers for airline tickets, hotels, and car rentals.