Graduation Year
2017
Date of Submission
12-2016
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Manfred Keil
Terms of Use & License Information
Rights Information
© 2016 Olivia E. Cowley
Abstract
New companies with business models based on technology-enabled sharing have emerged as the hot topic in technology in recent years. Uber, the sharing-economy’s poster-child, is now the world’s most valuable start-up by far. Lyft, its younger competitor, is seeing year over year growth in the hundreds of percentage points. This growth is coming at the cost of the incumbent taxi industry, and this is what this study sets out to examine. What is the effect of Uber, Lyft, and other ride-sharing services on the taxi industry? My study reveals that there has been an extremely negative effect on taxicabs, and that there are only a few last strands of hope for ways taxis can compete. Based on my study and learning, in final I forecast the ways that the firms in this space can continue to grow and dominate the ride-sharing market, and beyond.
Recommended Citation
Cowley, Olivia, "The Rise of Uber: Economic Effects of Ride Sharing Services on Taxis and the Implications for the Sharing Economy" (2017). CMC Senior Theses. 1455.
https://scholarship.claremont.edu/cmc_theses/1455
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
