>> Our findings provide evidence that after entering an urban area, ride-sharing services such as Uber significantly decrease traffic congestion time, congestion costs, and excessive fuel consumption. To further assess the robustness of the main results, we perform additional analyses including the use of alternative measures, instrumental variables, placebo tests, heterogeneous effects, and a relative time model with more granular data. We discuss a few plausible mechanisms to explain our findings as well as their implications for the platform-based sharing economy.
[0] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2838043