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<dc:creator>Rangel, Thais</dc:creator>
<dc:creator>Gonzalez, Juan Nicolas</dc:creator>
<dc:creator>Gomez, Juan</dc:creator>
<dc:creator>Vasallo, Jose Manuel</dc:creator>
<dc:creator>Romero, Fernando</dc:creator>
<dc:date>2021-07</dc:date>
<dc:description>Trabajo presentado en: R-Evolucionando el transporte, XIV Congreso de Ingeniería del Transporte (CIT 2021), realizado en modalidad online los días 6, 7 y 8 de julio de 2021, organizado por la Universidad de Burgos</dc:description>
<dc:description>Ride-hailing is an emerging service that is transforming door to door mobility in urban&#xd;
areas. Users can easily request a ride through a smartphone app that informs them of the&#xd;
pickup time, the location of the vehicle, and the fare that they will pay in advance. Even&#xd;
though it is well know that Uber implements a dynamic pricing approach depending&#xd;
mostly on supply, demand and competition with other services, there is still little empirical&#xd;
evidence on the main drivers explaining the fare strategy of the company. Using 10-month&#xd;
data from the Uber’s Application Programming Interface (API) in the city of Madrid, this&#xd;
research studies the evolution and trends experienced by Uber fares in terms of several&#xd;
explanatory variables. It also explores the main differences between Uber and taxi fares.&#xd;
The results indicate that trip distance, day of the week, origin and destination of the trip,&#xd;
and rain precipitation have a statistically significant impact on Uber fares. The findings&#xd;
also show that on average, Uber fares are lower than taxi fares, with the exception of&#xd;
particular hours of the day. The analysis also demonstrates that Uber fares slightly&#xd;
decreased during taxi strikes.</dc:description>
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<dc:language>eng</dc:language>
<dc:publisher>Universidad de Burgos. Servicio de Publicaciones e Imagen Institucional</dc:publisher>
<dc:title>An empirical analysis of Uber fares: Evidence from Madrid</dc:title>
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