Who's Afraid of Uber

57 Pages Posted: 15 Apr 2019

See all articles by Jeremy Kidd

Jeremy Kidd

Mercer University - Walter F. George School of Law

Date Written: March 19, 2019

Abstract

Ride sharing has disrupted the transportation-for-hire industry, breaking down barriers to entry that have protected incumbents in the industry for decades. The disruption has led to calls for increased regulation, along with criticisms about the effect of innovation on consumer safety, market stability, rule of law, and others. And yet, that disruption has also led to tremendous benefits to consumers, as they are freed from a regulatory regime that limited their transportation choices and forced them to pay higher prices for lower quality service. The same type of disruptive innovation is upon us in almost every area of our economy, and how we deal with it will determine whether the law will finally free consumers from the grasp of entrenched and privileged incumbents, or whether the combined forces of those incumbents and their erstwhile allies in academia will lead to a regulatory retrenchment. The article concludes that opposition to innovation rests on a Galbraithian foundation that holds a dim view of human nature, and that greater reliance on Smithian assumptions would serve us better as we decide how to deal with innovation and its disruption. The article also concludes that innovation is inevitable; if the law seeks to inhibit it, it merely guarantees a greater disruption when it finally arrives.

JEL Classification: D02, D11, D18, D21, D23, D43, D62, D72, D73, D82, K23, K42, O31, O33, O38, P16, Z18

Suggested Citation

Kidd, Jeremy, Who's Afraid of Uber (March 19, 2019). Nevada Law Journal, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3355934

Jeremy Kidd (Contact Author)

Mercer University - Walter F. George School of Law ( email )

1021 Georgia Ave
Macon, GA 31207-0001
United States

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