Who Wins in the Sharing Economy?

What is the Sharing Economy?
The Rise of Uber
Play Reset
Joining the Sharing Economy

Driver's Dilemma: Ride-Sharing or Taxis

Rides Per Driver

= 1 Ride
Riding with Uber
Consumer's Choice: Uber vs. Taxi
Select Area Radius
Surge Pricing: None
In times of high demand for rides, Uber imposes "surge pricing" to encourage more drivers to meet the demand. The pricing is calculated by multiplying the base price by a specific amount which increases with demand. Move the slider to see how the price differential changes with surge pricing
Driving for Uber
Worker's Decision: Drive for Uber?

Annual Earnings Estimator

Select your target annual pre-tax income to see how much you'll need to drive with Uber and where the money goes.
$50,000
Pre-Tax Income
Remember you still need to pay for taxes and health insurance!
Vehicle Operations Costs
You will need to pay for fuel, insurance, repairs, maintenance, state fees, financing, and depreciation.
Uber Fees
Uber takes a rider fee and also takes a 25% commission on the adjusted fare.
Total Revenue
The fare revenue you have to earn!

Picking Winners and Losers

Project Info

  1. Authors: Tansaya Kunaratskul, Jonathan Mazumdar, Ihsaan Patel
  2. Project Resources: Github and Process Book

References

Images

  1. Slide Backgrounds: Intro Slide, End Slide
  2. Logos / Icons: Uber Logo, NYC Icon, Sharing Economy

Data Sources

  1. Timeline: Events
  2. Driver's Dilemma: NYC Open Data
  3. Consumer's Choice: Taxi Pricing, Uber Pricing, and Duration and Distance. Map data from Leaflet and © OpenStreetMap contributors, CC-BY-SA, Imagery © Mapbox
  4. Driver's Decision: Fare Information, Trip Duration and Distance, Uber Commission and Cost per Mile, Surge / Boosting. Assumes 10% increase in fare revenue due to surging / boosters. Assumes no unpaid miles, and associated costs, between rides, which likely leads to overestimates of earnings.