Observing price dispersion on the BlaBlaCar shared economy

Absztrakt (kivonat)

According to many experiences, prices of similar goods on a given market do not converge to one price. In this thesis the equilibrium price dispersion of the BlaBlaCar shared economy is observed. The existence and the nature of equilibrium price dispersion is examined on a given route during a given period of time. With the help of the collected data and a transformation of the Varianmodel I found evidence for the existence of price dispersion in equilibrium state. It is also proven that the prediction of the Varian-model about the nature of price dispersion does not seem to hold for the BlaBlaCar market on the whole range of prices. Although, I found evidence that the predictions hold between the price quotes 16 and 20 Euros. The results might be implicated to understand the price dispersion on the BlaBlaCar market and on other shared economies.