Economic And Data Analysis - The Uberisation of the Economy - Economic And Data Analysis Essay Writing Assignment Help

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Economic And Data Analysis Essay Writing Assignment Help

TASK “LET’S Uber.” Few companies offer something so popular that their name becomes a verb. But that is one of the many achievements of Uber, a company founded in 2009 which is now the world’s most valuable start-up, worth around $70 billion. Its app can summon a car in moments in more than 425 cities around the world, to the fury of taxi drivers everywhere. (From The Economist, Sep 3^rd 2016). Uber has changed the taxi industry by promoting a new business model. But this uberisation of the sector came with contradictory reports discussing its overall effect on the social welfare. The aim of this essay is to provide an economic analysis of Uber’s introduction. Using appropriate economic concepts reviewed in the lectures and your further own readings discuss the following:

• What is the Uber business model (in particular you can talk about some concepts like sharing economy and surge pricing)?
• Discuss the costs and benefits of the Uber introduction for customer and driver.
• Was the legalization of Uber, around 2015-2016 in most of the Australian States, a good decision (i.e. in terms of economic surplus)? [hint: you can search for full or partial estimations or define which condition(s) should be fulfilled]
• As a concluding discussion, do you think this uberisation of the economy can be applied to all sectors?