Surge Pricing on a Service Platform Under Spatial Spillovers: Evidence From Uber
نویسندگان
چکیده
منابع مشابه
Dynamic Pricing in a Labor Market: Surge Pricing and the Supply of Uber Driver-Partners
A rich economic literature has explored labor supply when workers flexibly choose how long to work each day. In a seminal paper, Camerer, Babcock, Loewenstein, and Thaler (1997) claim that taxi drivers drive shorter shifts when hourly earnings are high because they hit daily incometargets sooner. This behavior, if general, would undermine the benefits of dynamic pricing in an emerging set of “s...
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I study a market in which a profit-maximizing intermediary facilitates trade between buyers and sellers. The intermediary sets prices for buyers and sellers, and keeps the difference as her fee. Optimal prices increase when demand increases, i.e., shifts right. If a demand increase is due to an increase in the number of ex ante similar buyers, then the intermediary’s optimal percent fee decreas...
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On-demand service platforms (e.g., Uber, Lyft) match consumers with independent workers nearby at short notice. To manage fluctuating supply and demand conditions across market locations (zones), many on-demand platforms provide market forecasts to workers and practice surge pricing, wherein the price in a particular zone is temporarily raised above the regular price. We jointly analyze the str...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2018
ISSN: 1556-5068
DOI: 10.2139/ssrn.3261811