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The Economics of Uber Surge Pricing: Price Theory in the Ride-Sharing Market
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The Economics of Uber Surge Pricing: Price Theory in the Ride-Sharing Market
In analyzing the relevance of price theory in contemporary time, this research focuses on pricing dynamics and mechanism of Uber’s drivers, and the interplay of supply and demand in price surging. This paper considered public data on ride volumes, surge multipliers, and the reaction of drivers...
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