English Podcast Starts at 00:00:00

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Reference

Castillo, J.C. (2025), Who Benefits From Surge Pricing?. Econometrica, 93: 1811-1854. https://doi.org/10.3982/ECTA19106

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🎙️ Welcome to “Revise and Resubmit”! 🚀

Where research meets rhythm, and ideas get the mic they deserve. 🎧 Today, we dive into the surge—the real surge—not just of prices, but of questions, ethics, and innovation. ⚡

Picture this: a buzzing city, lights flickering on car roofs, algorithms quietly flexing their invisible muscles. Uber rides rise, prices surge, and behind every digital ping lies a silent equation balancing supply, demand, and human ambition. 🧠💸

Our featured study asks a deceptively simple question: Who Benefits from Surge Pricing? Written by Juan Camilo Castillo and published in Econometrica—yes, that prestigious FT50 journal from the Econometric Society—this 2025 research takes you under the hood of real-time pricing. It fuses data, equilibrium theory, and human behavior into one tight economic symphony. 🎼

But the melody twists: riders win, yet drivers lose. Welfare rises, but fairness flickers. When profit and equity pull in opposite directions, whose algorithm should rule the road? 🚗💥

Big thanks to Juan Camilo Castillo and The Econometric Society for this crucial contribution to academic discourse. 🙏

If you love ideas that challenge, enlighten, and sometimes disrupt, subscribe to “Revise and Resubmit” on Spotify 🎧, and check out our companion YouTube channel, Weekend Researcher 🎥. We’re also cruising on Amazon Prime Podcasts and Apple Podcast—so your next ride, your next walk, your next spark of curiosity, is only one click away. 🔍✨

So before we roll, ask yourself… if surge pricing makes the system smarter—but not fairer—who should get the next ride? 🤔