The Social Costs of Uber
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The Market Impacts of Sharing Economy Entrants: Evidence from USA and China
Electronic Commerce Research https://doi.org/10.1007/s10660-018-09328-1 The market impacts of sharing economy entrants: evidence from USA and China Yue Guo1,2 · Fu Xin1 · Xiaotong Li3 © The Author(s) 2019 Abstract This paper studies the link between the difusion of the sharing economy and tra- ditional mature industries by empirically examining the economic impacts of shar- ing economy entrants. This study adds to the ongoing debate over whether and how ride-hailing platforms infuence new car sales in USA and China. Our results sug- gest that the short-term impact of Didi Chuxing’s entry on new car sales is positive. Unlike the efect of Didi Chuxing on new car sales in China, Uber’s entry nega- tively infuences new car sales in USA. The entry of Didi Chuxing is related to a 9.24% increase in new car sales in China and the entry of Uber is related to an 8.1% decrease in new car sales in USA. We further empirically confrm that the impact of ride-hailing companies is trivial in small cities. Keywords Collaborative consumption models · Uber · Didi · Ride-hailing services · Sharing economy · Two-sided platforms 1 Introduction Over the last few years, the rapid proliferation of smartphones and the associated applications have fueled rapid growth of the online sharing economy, such as those of Uber, Airbnb, Lyft, Turo, and Peerby. These emerging online peer-to-peer plat- forms, collectively known as ‘collaborative consumption’, have made a great deal * Fu Xin [email protected] * Xiaotong Li [email protected] Yue Guo [email protected] 1 Hohai Business School, Hohai University, Nanjing, China 2 King’s Business School, King’s College London, London, UK 3 College of Business, University of Alabama in Huntsville, Huntsville, AL 35899, USA Vol.:(0123456789)1 3 Y. -
2020 ESG Report
ESG Report 20202020 An environmental, social, and governanceESG report for investors Report ESG Report 2020 - DRAFT - Company Confidential 1 We are proud to share Uber’s 2020 ESG Report, which highlights our perspective on the environmental, social, and governance (ESG) issues that matter most to our business and our stakeholders—including platform users (drivers, delivery people, merchants, and consumers), employees, cities, regulators, and investors. The report is intended to provide a high-level overview of Uber’s views on, approach to, and performance on key ESG issues. Additional content regarding these issues, and more, can be found on Uber.com. Data is as of December 31, 2019, unless otherwise noted. Narrative may cover material through August 31, 2020. ESG Report 2020 - DRAFT - Company Confidential 2 Table of contents Uber’s purpose 4 Our cultural norms 5 Letter from our CEO 6 Our business 7 About this report 9 Oversight of ESG at Uber 11 Integrity and trust 17 User safety 24 COVID-19 response 27 Driver and delivery person well-being 32 Diversity, inclusion, and culture 35 Local impact 43 Climate change 47 Performance data 53 Notes from performance data 62 Terms used in this report 65 Indexing 67 ESG Report 2020 3 Uber’s Purpose Why we exist To reimagine the way the world moves for the better What we do Make real life easier to navigate for everyone Who we are Fearless optimists: crazy enough to believe, tenacious enough to make it happen ESG Report 2020 4 Our cultural norms Our 8 cultural norms reflect who we are and where we’re going. -
Fair Lending Laws and Regulations
IV. Fair Lending — Fair Lending Laws and Regulations NOTE: Further information regarding the technical Fair Lending Laws and Regulations requirements of fair lending are incorporated into the sections ECOA V 7.1 and FCRA VIII 6.1 of this manual. Introduction The Fair Housing Act (FHAct) prohibits discrimination in all This overview provides a basic and abbreviated discussion of aspects of “residential real-estate related transactions,” federal fair lending laws and regulations. It is adapted from including but not limited to: the Interagency Policy Statement on Fair Lending issued in March 1994. • Making loans to buy, build, repair, or improve a dwelling; Lending Discrimination Statutes and Regulations • Purchasing real estate loans; The Equal Credit Opportunity Act (ECOA) prohibits discrimination in any aspect of a credit transaction. It • Selling, brokering, or appraising residential real estate; or applies to any extension of credit, including extensions of • Selling or renting a dwelling. credit to small businesses, corporations, partnerships, and trusts. The FHAct prohibits discrimination based on: The ECOA prohibits discrimination based on: • Race or color; • Race or color; • National origin; • Religion; • Religion; • National origin; • Sex; • Sex; • Familial status (defined as children under the age of 18 living with a parent or legal custodian, pregnant women, • Marital status; and people securing custody of children under 18); or • Age (provided the applicant has the capacity to contract); • Handicap. • The applicant’s receipt of income derived from any The Department of Housing and Urban Development’s public assistance program; or (HUD) regulations implementing the FHAct are found at 24 • The applicant’s exercise, in good faith, of any right CFR Part 100. -
The Ridesharing Revolution: Economic Survey and Synthesis
The Ridesharing Revolution: Economic Survey and Synthesis Robert Hahn and Robert Metcalfe* January 10, 2017 Paper prepared for Oxford University Press Volume IV: More Equal by Design: Economic design responses to inequality. Eds. Scott Duke Kominers and Alex Teytelboym. Abstract Digital ridesharing platforms, such as Uber and Lyft, are part of a broader suite of innovations that constitute what is sometimes referred to as the sharing economy. In this essay, we provide an overview of current research on the economic efficiency and equity characteristics of ridesharing platforms, and provide a research agenda that includes an examination of the natural evolution toward driverless cars. We have three main findings: first, relatively little is known about either the equity and efficiency properties of ridesharing platforms, but this is likely to change as companies and researchers focus on these issues. Second, we may be able to learn something about the likely diffusion and benefits of these technologies from experience with other policies and technologies. Third, while we believe these platforms will do substantially more good than harm, the measurement, distribution, and size of the gains from these technologies requires further research. * Robert Hahn is professor and director of economics at the Smith School at the University of Oxford, a non-resident senior fellow at Brookings, and a senior fellow at the Georgetown Center for Business and Public Policy. Robert Metcalfe is Postdoctoral Research Scholar in Economics at the University of Chicago. We would like to thank Ted Gayer, Jonathan Hall, Scott Kominers, Jonathan Meer, Alex Teytelboym, Scott Wallsten, and Cliff Winston for helpful comments and Julia Schmitz, Brian Campbell and Samantha van Urk for excellent research assistance. -
ISOJ 2018: Day 2, Morning Keynote Speaker KEYNOTE SPEAKER: Ben Smith
ISOJ 2018: Day 2, Morning Keynote Speaker KEYNOTE SPEAKER: Ben Smith Chair: Evan Smith, CEO and Co-Founder, Texas Tribune Keynote Speaker: Ben Smith, Editor-in-Chief, BuzzFeed Ben Smith: Thank you. Thank you for the kind words, Evan. Thanks so much for having me. The downside to not having a PowerPoint presentation is I’m going to stand under this giant picture of myself for five or ten minutes before Evan turns on me. And you know, we’ve talked a little about…. I think I’m just sort of giving a brief intro to how BuzzFeed went from being the world’s leading cat website to doing some journalism that I hope speaks for itself. And I think we are—we remain the world’s leading cat website as well. But we don’t—we don’t shy away from that, but I think that, at this point, the journalism really does speak for itself. And you can read that or watch that story elsewhere. And in particular, we’ve been on a run lately that I feel really good about. If I can boast a little, we broke the “Growth at Any Cost” Facebook memo the other week, and Christopher Steele’s other report on an alleged murder in Washington. And the third big story that we broke just in the last couple of weeks was the one that I thought, for this audience who pays a lot of attention to journalism and to how information travels online, would just be sort of interesting in talking about for a few minutes, because it’s something that I’ve been really troubled by and have been wrestling with over the last couple of weeks. -
How Transportation Network Companies Could Replace Public Transportation in the United States Matthew L
University of South Florida Scholar Commons Graduate Theses and Dissertations Graduate School November 2017 How Transportation Network Companies Could Replace Public Transportation in the United States Matthew L. Kessler University of South Florida, [email protected] Follow this and additional works at: http://scholarcommons.usf.edu/etd Part of the Civil Engineering Commons, Public Policy Commons, and the Urban Studies and Planning Commons Scholar Commons Citation Kessler, Matthew L., "How Transportation Network Companies Could Replace Public Transportation in the United States" (2017). Graduate Theses and Dissertations. http://scholarcommons.usf.edu/etd/7045 This Thesis is brought to you for free and open access by the Graduate School at Scholar Commons. It has been accepted for inclusion in Graduate Theses and Dissertations by an authorized administrator of Scholar Commons. For more information, please contact [email protected]. How Transportation Network Companies Could Replace Public Transportation in the United States by Matthew L. Kessler A thesis submitted in partial fulfillment of the requirements for the degree of Master of Science in Engineering Science Department of Civil and Environmental Engineering College of Engineering University of South Florida Co-Major Professor: Steven E. Polzin, Ph.D. Co-Major Professor: Abdul. R. Pinjari, Ph.D. Xuehao Chu, Ph.D. Martin D. Hanlon, Ph.D. Date of Approval: October 23, 2017 Keywords: TNC, Supplantment, Transit Agency, Ride-sourcing, Smartphone app Copyright © 2017, Matthew L. Kessler DEDICATION This page is dedicated in memory of my beloved uncle, Joel “Jerry” Kessler, my grandparents: Miriam Sylvia and William Berkowitz, Gertrude and Sam Kessler. Lifelong friend MariaLita Viafora, and a special friend, Michael R. -
Disparate Impact in Fair Lending: a Theory Without a Basis & the Law Of
ELECTRONICALLY REPRINTED FROM FEBRUARY 2014 Disparate Impact in Fair Lending: A Theory without a Basis & the Law of Unintended Consequences By Andrew L. Sandler and Kirk D. Jensen he disparate impact theory of discrimination allows agencies and/or community organizations receiving govern- T the government or a private plaintiff to establish dis- ment funding, both cases settled shortly before oral argument, crimination based solely on the outcome of a neutral policy, denying the Supreme Court the opportunity to rule on the without having to prove any actual intent to discriminate. longstanding issue. Although the text of the Fair Housing Act (FHA) does not create liability for facially neutral activities with unequal The Theory effects, lower court decisions over the years have relied on The disparate impact theory of discrimination allows jurisprudence focused on other statutes with different lan- a party to establish discrimination based solely on the guage, agency guidance, and selective readings of legislative results of a neutral policy. Disparate impact is distinct history to permit disparate impact claims. The US Supreme from disparate treatment because a party is not required to Court more recently has issued several decisions undermining show any intent to discriminate. To establish a disparate this broad focus on the goals of the FHA, holding that the impact claim, a government agency or private plaintiff plain language of an anti-discrimination statute—and not a must show only that an otherwise neutral practice dispa- broad interpretation of its purpose—is dispositive of whether rately affects qualified members of a protected class. disparate impact claims are permitted. -
Amazon's Antitrust Paradox
LINA M. KHAN Amazon’s Antitrust Paradox abstract. Amazon is the titan of twenty-first century commerce. In addition to being a re- tailer, it is now a marketing platform, a delivery and logistics network, a payment service, a credit lender, an auction house, a major book publisher, a producer of television and films, a fashion designer, a hardware manufacturer, and a leading host of cloud server space. Although Amazon has clocked staggering growth, it generates meager profits, choosing to price below-cost and ex- pand widely instead. Through this strategy, the company has positioned itself at the center of e- commerce and now serves as essential infrastructure for a host of other businesses that depend upon it. Elements of the firm’s structure and conduct pose anticompetitive concerns—yet it has escaped antitrust scrutiny. This Note argues that the current framework in antitrust—specifically its pegging competi- tion to “consumer welfare,” defined as short-term price effects—is unequipped to capture the ar- chitecture of market power in the modern economy. We cannot cognize the potential harms to competition posed by Amazon’s dominance if we measure competition primarily through price and output. Specifically, current doctrine underappreciates the risk of predatory pricing and how integration across distinct business lines may prove anticompetitive. These concerns are height- ened in the context of online platforms for two reasons. First, the economics of platform markets create incentives for a company to pursue growth over profits, a strategy that investors have re- warded. Under these conditions, predatory pricing becomes highly rational—even as existing doctrine treats it as irrational and therefore implausible. -
RICCI V. DESTEFANO
(Slip Opinion) OCTOBER TERM, 2008 1 Syllabus NOTE: Where it is feasible, a syllabus (headnote) will be released, as is being done in connection with this case, at the time the opinion is issued. The syllabus constitutes no part of the opinion of the Court but has been prepared by the Reporter of Decisions for the convenience of the reader. See United States v. Detroit Timber & Lumber Co., 200 U. S. 321, 337. SUPREME COURT OF THE UNITED STATES Syllabus RICCI ET AL. v. DESTEFANO ET AL. CERTIORARI TO THE UNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT No. 07–1428. Argued April 22, 2009—Decided June 29, 2009* New Haven, Conn. (City), uses objective examinations to identify those firefighters best qualified for promotion. When the results of such an exam to fill vacant lieutenant and captain positions showed that white candidates had outperformed minority candidates, a rancorous public debate ensued. Confronted with arguments both for and against certifying the test results—and threats of a lawsuit either way—the City threw out the results based on the statistical racial disparity. Petitioners, white and Hispanic firefighters who passed the exams but were denied a chance at promotions by the City’s re- fusal to certify the test results, sued the City and respondent officials, alleging that discarding the test results discriminated against them based on their race in violation of, inter alia, Title VII of the Civil Rights Act of 1964. The defendants responded that had they certified the test results, they could have faced Title VII liability for adopting a practice having a disparate impact on minority firefighters. -
Move Over Ipos: Unicorn Direct Listings May Be the New Mythical Beasts in Town
Fordham Journal of Corporate & Financial Law Volume 26 Issue 1 Article 5 2021 Move Over IPOs: Unicorn Direct Listings May Be the New Mythical Beasts in Town Tatum Sornborger Fordham University School of Law Follow this and additional works at: https://ir.lawnet.fordham.edu/jcfl Part of the Securities Law Commons Recommended Citation Tatum Sornborger, Move Over IPOs: Unicorn Direct Listings May Be the New Mythical Beasts in Town, 26 Fordham J. Corp. & Fin. L. 215 (2021). This Note is brought to you for free and open access by FLASH: The Fordham Law Archive of Scholarship and History. It has been accepted for inclusion in Fordham Journal of Corporate & Financial Law by an authorized editor of FLASH: The Fordham Law Archive of Scholarship and History. For more information, please contact [email protected]. MOVE OVER IPOS: UNICORN DIRECT LISTINGS MAY BE THE NEW MYTHICAL BEASTS IN TOWN Tatum Sornborger* ABSTRACT Most people think of “going public” as an Initial Public Offering (IPO), but as IPOs have boomed and busted over the past decade, the direct listing has emerged as an unconventional but viable way to raise capital. The direct listing approach was uncovered by one rebellious “unicorn,” a term used to describe privately held companies with valuations exceeding one billion dollars. By circumventing the traditional IPO process, Spotify prompted both the SEC and major stock exchanges to examine direct listings and promulgate rules for future offerings. Though these rules are still developing, companies now have a clear path to follow in Spotify’s footsteps and forgo the traditional IPO. -
Center for Advanced Multimodal Mobility Solutions and Education (CAMMSE @ UNC Charlotte) the University of North Carolina at Charlotte 9201 University City Blvd
Center for Advanced Multimodal Mobility Solutions and Education Project ID: 2018 Project 15 INVESTIGATING THE IMPACT OF DIFFERENT ATTRIBUTES ON BICYCLING MODE SHARE AS A MULTIMODAL CONNECTIVITY STRATEGY IN LARGE CITIES: A CASE STUDY IN HOUSTON Final Report by Mehdi Azimi, PhD, PE (ORCID ID: https://orcid.org/0000-0001-5678-032) Assistant Professor, Department of Transportation Studies, Texas Southern University Phone: (713) 313-1293; E-mail: [email protected] Lan Lan (ORCID ID: https://orcid.org/0000-0002-4833-788X) Graduate Research Assistant, Dept. of Transportation Studies, Texas Southern University Phone: (713) 313-5696; E-mail: [email protected] Mohammed Suyedur Luqman Rahman (ORCID ID: https://orcid.org/0000-0002-4274-8557) Graduate Research Assistant, Dept. of Transportation Studies, Texas Southern University Phone: (713) 313-5696; E-mail: [email protected] Yi Qi, PhD (ORCID ID: https://orcid.org/0000-0002-6314-2626) Professor and Chair, Department of Transportation Studies, Texas Southern University Phone: (713) 313-6809; E-mail: [email protected] for Center for Advanced Multimodal Mobility Solutions and Education (CAMMSE @ UNC Charlotte) The University of North Carolina at Charlotte 9201 University City Blvd. Charlotte, NC 28223 September 2019 ii ACKNOWLEDGEMENTS This project was funded by the Center for Advanced Multimodal Mobility Solutions and Education (CAMMSE @ UNC Charlotte), one of the Tier I University Transportation Centers that were selected in this nationwide competition by the Office of the Assistant Secretary for Research and Technology (OST-R), US Department of Transportation (US DOT), under the FAST Act. The authors would like to thank Houston BCycle for providing the ridership data. -
Pdf (Arguing That the Sharing Economy Is a Consequence of Moore’S Law and the Internet)
Notre Dame Law Review Volume 94 | Issue 1 Article 7 11-2018 The hS aring Economy as an Equalizing Economy John O. McGinnis Northwestern University Pritzker School of Law Follow this and additional works at: https://scholarship.law.nd.edu/ndlr Part of the Law and Economics Commons, Law and Politics Commons, and the Law and Society Commons Recommended Citation 94 Notre Dame L. Rev. 329 (2018). This Article is brought to you for free and open access by the Notre Dame Law Review at NDLScholarship. It has been accepted for inclusion in Notre Dame Law Review by an authorized editor of NDLScholarship. For more information, please contact [email protected]. \\jciprod01\productn\N\NDL\94-1\NDL107.txt unknown Seq: 1 19-NOV-18 13:05 THE SHARING ECONOMY AS AN EQUALIZING ECONOMY John O. McGinnis* Economic equality is often said to be the key problem of our time. But information technol- ogy dematerializes the world in ways that are helpful to the ninety-nine percent, because informa- tion can be shared. This Article looks at how one fruit of the information revolution—the sharing economy—has important equalizing features on both its supply and demand sides. First, on the supply side, the intermediaries in the sharing economy, like Airbnb and Uber, allow owners of housing and cars to monetize their most important capital assets. The gig aspect of this economy creates spot markets in jobs that have flexible hours and monetizes people’s passions, such as cooking meals in their home. Such benefits make these jobs even more valuable than the earnings that show up imperfectly in income statistics.