New York City should consider allowing yellow cabs to use some of the same strategies as the ride-hailing companies Uber and Lyft, including so-called surge pricing when demand is high, a government panel is set to recommend.

If the idea is implemented, New York could become one of the first cities in the United States to allow cabs to raise prices at certain times. It would be a significant change in a city where regular riders can typically predict how much a taxi trip will cost.

The recommendation will be unveiled on Friday as part of a broader plan to rescue the city’s taxi industry from financial crisis, according to a draft obtained by The New York Times.

The biggest element of the plan will be a proposal to create a public-private fund worth as much as $600 million to bail out thousands of drivers who became trapped in exploitative loans while buying medallions, the city-issued permits that let them own their cabs.