Leasing a licence to drive a taxi or giving a cut of the fares to a ride-sharing company?

Caldwell, Sydnee (2021) Leasing a licence to drive a taxi or giving a cut of the fares to a ride-sharing company? LSE Business Review (07 Sep 2021). Blog Entry.

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Abstract

Taxi drivers in the United States pay upfront to buy or lease a medallion and keep the fares for themselves. With Uber or Lyft drivers, instead, no medallion is required, but they must pay a proportion of the fares to the ride-share companies. Sydnee Caldwell and colleagues conducted a series of experiments and found a strong aversion to the medallion lease model among drivers: 81% of them would prefer paying a 25% fee to paying a $200 weekly lease.

Item Type:	Online resource (Blog Entry)
Official URL:	https://blogs.lse.ac.uk/businessreview/
Additional Information:	© 2021 The Author
Divisions:	LSE
Subjects:	H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited:	02 Nov 2021 15:36
Last Modified:	14 Sep 2024 03:14
URI:	http://eprints.lse.ac.uk/id/eprint/112267

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