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Using Big Data to Estimate Consumer Surplus: The Case of Uber
Open accessAbstract
Estimating consumer surplus is challenging because it requires identification of the entire demand curve.We rely on Uber's "surge" pricing algorithm and the richness of its individual level data to first estimate demand elasticities at several points along the demand curve.We then use these elasticity estimates to estimate consumer surplus.Using almost 50 million individual-level observations and a regression discontinuity design, we estimate that in 2015 the UberX service generated about $2.9 billion in consumer surplus in the four U.S. cities included in our analysis.For each dollar spent by consumers, about $1.60 of consumer surplus is generated.Back-of-theenvelope calculations suggest that the overall consumer surplus generated by the UberX service in the United States in 2015 was $6.8 billion.
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Cited by
Is Uber a substitute or complement for public transit?
Hall, J. D., Palsson, C., & Price, J. (2018) · Journal of Urban Economics · doi:10.1016/j.jue.2018.09.003 · Cited by 572
Self-citationA strategic framework for a profitable business model in the sharing economy
Kumar, V., Lahiri, A., & Dogan, O. B. (2018) · Industrial Marketing Management · doi:10.1016/j.indmarman.2017.08.021 · Cited by 482
Drivers of disruption? Estimating the Uber effect
Berger, T., Chen, C., & Frey, C. B. (2018) · European Economic Review · doi:10.1016/j.euroecorev.2018.05.006 · Cited by 273
Metadata
- Authors
- Cohen, P., Hahn, R., Hall, J., Levitt, S., & Metcalfe, R.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2016-09
- OpenAlex
- W2518792172
- Cited by
- 354
- References
- 0
- Type
- report
- Language
- en
- Open access
- green
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