(An) empirical investigation on the impact of ride-sharing on taxi industry : evidence from new york city = 택시 산업에 대한 라이드쉐어링 서비스의 영향 실증분석 : 뉴욕 시 데이터를 바탕으로 evidence from new york city

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With the rapid growth of sharing economy, there has been growing debate on the disruptive nature of the sharing economy to threaten traditional industry. This study examines the impact on taxi industry of ride-sharing services, which is one of the largest business models in sharing economy. Using comprehensive data on Uber and taxi transactions in New York City over the period April to September 2014, our findings demonstrate that ride-sharing services are negatively associated with the demand for taxis, after controlling for simultaneity and endogeneity. When Uber transactions increase by 10%, the number of taxi pickups decreases by 0.12%. Interestingly, this effect is contingent upon market and customer segments. The negative effect of Uber on taxis is even larger in Manhattan, high-income areas and off-peak hour, where taxi availability is high, than outer boroughs, low-income areas and rush hour, potentially expanding transportation options for previously underserved markets. Furthermore, ride-sharing services take more the demand of taxi customers, who are price-sensitive, in group, and paying by cash. Implications for practice and research are discussed.
Advisors
Lee, Byungtaeresearcher이병태researcher
Description
한국과학기술원 :경영공학부,
Publisher
한국과학기술원
Issue Date
2017
Identifier
325007
Language
eng
Description

학위논문(석사) - 한국과학기술원 : 경영공학부, 2017.2,[iv, 39 p. :]

Keywords

Uber▼aRide-sharing▼aSharing economy▼aPlatform▼aTaxi industry▼aCompetition; 우버▼a라이드 쉐어링▼a공유경제▼a플랫폼▼a택시 산업▼a경쟁

URI
http://hdl.handle.net/10203/242722
Link
http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=708724&flag=dissertation
Appears in Collection
MT-Theses_Master(석사논문)
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