Uber and the Persistence of Market Power

David Gabel

Journal of Economic Issues, 2016, vol. 50, issue 2, 527-534

Abstract: Entry into the taxi industry involves few risks. Entrants have lower costs than the incumbents, sunk costs are small, and modern technology makes it easy to hail a cab using the Internet. Despite large scale entry and low barriers to entry, monopoly power persists. The persistence of monopoly power illustrates that new technologies may not quickly eviscerate monopoly power.

Date: 2016
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DOI: 10.1080/00213624.2016.1179060

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