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DTSTAMP:20241105T001515Z
SUMMARY:Dr. Meng Li\, Assistant Professor at Rutgers University
DESCRIPTION: \n\nTitle: Last-mile Commute: Impact of Bike-sharing on Restau
 rants\n\nAbstract: Last-mile commute refers to the last leg of people’s\
 ntravels within a city\, after they come off a subway\, or a quick trip\nt
 o the corner shop. This paper studies how bike-sharing\, which\neffectivel
 y eases people’s last-mile commute\, affect local\nrestaurants’ pricin
 g and quality strategies. Our identification uses\na difference-in-differe
 nces design by exploiting the temporal and\ngeographical variations in bik
 e-sharing’ entry into different\ncities. We study 1\,083\,009 restaurant
 s’ pricing and ratings that\nspan 3 years prior to and after the entry o
 f bike-sharing\, and we find\nthat in response to bike-sharing’s entry\,
  restaurants reduce prices\nby 1.6% and increase service quality by 2%. We
  also show that such\neffect is more pronounced for low-rating restaurants
  whereas\nhigh-rating restaurants can even increase price and reduce quali
 ty\,\nbecause bike-sharing removes the geographical barriers that enables\
 nrestaurants to compete directly in quality and reputation. Last\, we\nsho
 w evidence that good restaurants in remote locations can benefit\nfrom rid
 e sharing’s entry. The findings suggest that restaurants\nre-position th
 eir strategies when cities are embracing smart transits.\n 
DTSTART:20200131T153000Z
DTEND:20200131T170000Z
LOCATION:Gerri C. LeBow Hall\, 3220 Market Street\, 209\, Philadelphia\, PA
  19104
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