New paper on Uber competition to taxi service in New York City: net benefits are high.

Tom Lam (Clemson) and Meng Liu (MIT) calculate surplus gains at 72 cents per dollar spent.
“Demand and Consumer Surplus in the On-Demand Economy: The Case of Ride Sharing” Read it here:
SSRN

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DEIRDRE MCCLOSKEY’S 10.30.17 TULLOCK LECTURE BASED ON HER 2016 MAGNUM OPUS, BOURGEOISIE EQUALITY: HOW IDEAS, NOT CAPITAL OR INSTITUTIONS, ENRICHED THE WORLD (U. OF CHICAGO PRESS).

A link to the video is here: https://youtu.be/K1y8N7JEBgk

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