The hidden driver of the ride-sharing economy
Published Date: 2/29/2024
Source: phys.org
When Greg Buchak was a graduate student at the University of Chicago, Uber and Lyft were just beginning to spread across the country. Since he didn't own a car, he found the ride-sharing apps convenient for short and long trips. Yet as a financial economist in training who studied borrowing and lending, Buchak began an ongoing debate with his friends: Were these new services actually good for people?