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Big data gives insight into appeal of services like Uber | UChicago News

Study of nearly 50 million sessions calculates consumer benefits of ride-sharing service. Their work captures the effect of what would happen if Uber exited the transportation market in the short term, estimating a one-day shutdown to equal the loss of $18 million in consumer surplus. But the findings don’t estimate the effect of a permeant […]

Study of nearly 50 million sessions calculates consumer benefits of ride-sharing service.

Their work captures the effect of what would happen if Uber exited the transportation market in the short term, estimating a one-day shutdown to equal the loss of $18 million in consumer surplus. But the findings don’t estimate the effect of a permeant ban on ride-sharing companies, which would likely produce much higher losses in consumer surplus, researchers said.

Source: Big data gives insight into appeal of services like Uber | UChicago News

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