Dynamic Pricing in a Labor Market: Surge Pricing and Flexible Work on the Uber Platform

@inproceedings{Chen2016DynamicPI,
  title={Dynamic Pricing in a Labor Market: Surge Pricing and Flexible Work on the Uber Platform},
  author={M. Keith Chen},
  booktitle={EC},
  year={2016}
}
In many markets, new technologies allow traditional jobs to be divided into discrete tasks that are widely distributed across workers and dynamically priced given prevailing supply and demand conditions. This "sharing" or "gig" economy represents a more flexible work system, and is most common in two-sided markets in which a firm acts as a platform to connect service providers and consumers. One prominent example of this is the ride-sharing company Uber, which connects riders and driver… CONTINUE READING
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