Tag: ride sharing
We are all living red-carpet lives now.
February 27, 2017 | Post
Last night, millions of movie buffs, entertainment fiends, and celebrity gawkers from across the globe tuned in for the Oscars. While a few of us aficionados waited with bated breath for the announcement of Best Live-Action Short (Timecode was robbed!), for many viewers the awards ceremony isn’t the main event: The red carpet is what […]
How Much Would Be Lost if Uber Simply Went Away?
September 19, 2016 | Post
UberX produces daily social value of about $18 million. That is comparable to having an excellent French impressionist painter produce a beautiful work each day and give it away for free.
Did you know that New York City taxi medallions can cost over $1 million?
January 8, 2016 | Post
In order to run a taxi in New York, you need a medallion. Because the number of medallions is restricted by the government (artificially restricting the supply, and thus, competition), getting your hands on a medallion can be extremely expensive. As Bloomberg Business explains: “To own a cab in New York, you need a medallion—a […]
Douglass North and Ridesharing
December 8, 2015 | Post
In the wake of his passing, I’ve spent a lot of time reflecting on the contributions of my mentor Douglass C. North (Nobel Prize winner in 1993). In the last few months, I have been thinking especially about how we can understand debates about innovations like “Big Box” retail and ridesharing in light of some […]
Uber and the Sharing Economy: A New Way of Living
October 12, 2015 | Post
Earlier this year, I was making travel arrangements for a trip to Charleston. I booked my flight and hotel, and was about to book a rental car when I thought “wait a second. Charleston has Uber, doesn’t it?” It does, and I took UberX—the service that allows anyone who meets Uber’s requirements to drive for […]