Similar Search Results

Platform as a Rule Maker : Evidence from Airbnb's Cancellation Policies

Jia, Jian; Jin, Ginger Zhe; Wagman, Liad - National Bureau of Economic Research - 2021

their ecosystems. To better understand the governing role of platforms, we study two Airbnb pro-guest rules that pertain to … guest and host cancellations, using data on Airbnb and VRBO listings in 10 US cities. We demonstrate that such pro …-guest rules can drive demand and supply to and from the platform, as a function of the local platform competition between Airbnb …

Persistent link: https://www.econbiz.de/10012585362

Satisfaction Guaranteed : When Moral Hazard meets Moral Preferences

Andreoni, James - 2017

Theorists and policy analysts have convincingly argued that greater trust makes a more efficient society by eliminating costly contracts or expensive reputations. Concurrently, experiments suggest that reciprocity is a potent substitute for law when compliance with contracts is imperfectly...

Persistent link: https://www.econbiz.de/10012455329

Toward an Understanding of the Economics of Apologies : Evidence from a Large-Scale Natural Field Experiment

Halperin, Basil - 2019

We use a theory of apologies to design a nationwide field experiment involving 1.5 million Uber ridesharing consumers who experienced late rides. Several insights emerge from our field experiment. First, apologies are not a panacea: the efficacy of an apology and whether it may backfire depend...

Persistent link: https://www.econbiz.de/10012479628

Do Digital Platforms Reduce Moral Hazard? The Case of Uber and Taxis

Liu, Meng - 2018

Digital platforms like Uber can enhance market transparency and mitigate moral hazard via ratings of buyers and sellers, real-time monitoring, and low-cost complaint channels. We compare driver choices at Uber with taxis by matching trips so they are subject to the same optimal route. We also...

Persistent link: https://www.econbiz.de/10012480668

The Economic Limits of Bitcoin and the Blockchain

Budish, Eric - 2018

The amount of computational power devoted to anonymous, decentralized blockchains such as Bitcoin's must simultaneously satisfy two conditions in equilibrium: (1) a zero-profit condition among miners, who engage in a rent-seeking competition for the prize associated with adding the next block to...

Persistent link: https://www.econbiz.de/10012453003

An Analysis of the Labor Market for Uber’s Driver-Partners in the United States

Hall, Jonathan V. - 2016

Uber, the ride-sharing company launched in 2010, has grown at an exponential rate. This paper provides the first comprehensive analysis of the labor market for Uber's driver-partners, based on both survey and administrative data. Drivers who partner with Uber appear to be attracted to the...

Persistent link: https://www.econbiz.de/10012455837

Racial and Gender Discrimination in Transportation Network Companies

Ge, Yanbo - 2016

Passengers have faced a history of discrimination in transportation systems. Peer transportation companies such as Uber and Lyft present the opportunity to rectify long-standing discrimination or worsen it. We sent passengers in Seattle, WA and Boston, MA to hail nearly 1,500 rides on controlled...

Persistent link: https://www.econbiz.de/10012455904

Digital Currencies, Decentralized Ledgers, and the Future of Central Banking

Raskin, Max - 2016

Central banking in an age of digital currencies is a fast-developing topic in monetary economics. Algorithmic digital currencies such as bitcoin appear to be viable competitors to central bank fiat currency, and their presence in the marketplace may pressure central banks to pursue tighter...

Persistent link: https://www.econbiz.de/10012456437

Owning, Using and Renting : Some Simple Economics of the "Sharing Economy"

Horton, John J. - 2016

New Internet-based markets enable consumer/owners to rent out their durable goods when not using them. Such markets are modeled to determine ownership, rental rates, quantities, and surplus generated. Both the short run, before consumers can revise their ownership decisions, and the long run, in...

Persistent link: https://www.econbiz.de/10012456645

Peer-to-Peer Markets

Einav, Liran - 2015

Peer-to-peer markets such as eBay, Uber, and Airbnb allow small suppliers to compete with traditional providers of …

Persistent link: https://www.econbiz.de/10012457172