Following Uber-initiated fare increases, drivers make more money per trip and, initially, more per hour-worked. Drivers begin to work more hours. However, this increase in hours-worked--combined with a reduction in demand from a higher fare--has a business stealing effect, with drivers spending a smaller fraction of working hours transporting passengers. This market adjustment brings the hourly earnings rate back to about the rate that prevailed before the fare increase, in roughly two months. Passengers are partially compensated for higher prices by shorter wait times, but during the period covered by our data, fare increases likely reduced passenger welfare


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    Titel :

    Ride-Sharing Markets Re-Equilibrate


    Beteiligte:

    Erschienen in:

    Erscheinungsdatum :

    2023


    Format / Umfang :

    1 Online-Ressource


    Anmerkungen:

    illustrations (black and white)
    Campusweiter Zugriff (Universität Hannover) - Vervielfältigungen (z.B. Kopien, Downloads) sind nur von einzelnen Kapiteln oder Seiten und nur zum eigenen wissenschaftlichen Gebrauch erlaubt. Keine Weitergabe an Dritte. Kein systematisches Downloaden durch Robots.


    Medientyp :

    Buch


    Format :

    Elektronische Ressource


    Sprache :

    Englisch




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