Essays on the economics of ride hailing
Abstract/Contents
- Abstract
- In the last decade, new technologies have led to a boom in dynamic pricing. I analyze the most salient example, surge pricing in ride hailing. Using data from Uber in Houston, I develop an empirical model of spatial equilibrium to measure the welfare effects of surge pricing. My model is composed of demand, supply, and a matching technology. It allows for temporal and spatial heterogeneity as well as randomness in supply and demand. I find that, relative to a counterfactual with uniform pricing, surge pricing increases total welfare by 3.53% of gross revenue. The gains mainly go to riders: rider surplus increases by 6.97% of gross revenue, whereas driver surplus and platform profits decrease by 1.97% and 1.42% of gross revenue, respectively. Disparities in driver surplus are magnified. Riders, on the other hand, are overwhelmingly better off
Description
| Type of resource | text |
|---|---|
| Form | electronic resource; remote; computer; online resource |
| Extent | 1 online resource |
| Place | California |
| Place | [Stanford, California] |
| Publisher | [Stanford University] |
| Copyright date | 2020; ©2020 |
| Publication date | 2020; 2020 |
| Issuance | monographic |
| Language | English |
Creators/Contributors
| Author | Castillo Hernandez, Juan Camilo |
|---|---|
| Degree supervisor | Gentzkow, Matthew |
| Thesis advisor | Gentzkow, Matthew |
| Thesis advisor | Athey, Susan |
| Thesis advisor | Einav, Liran |
| Degree committee member | Athey, Susan |
| Degree committee member | Einav, Liran |
| Associated with | Stanford University, Department of Economics. |
Subjects
| Genre | Theses |
|---|---|
| Genre | Text |
Bibliographic information
| Statement of responsibility | Juan Camilo Castillo |
|---|---|
| Note | Submitted to the Department of Economics |
| Thesis | Thesis Ph.D. Stanford University 2020 |
| Location | electronic resource |
Access conditions
- Copyright
- © 2020 by Juan Camilo Castillo Hernandez
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
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