English | 2023 | PDF | 25 MB | 385 Pages
Jintao Ke, Hai Yang, Hai Wang, Yafeng Yin, 9780443189371, 978-0443189371, 978-0-443-18937-1, 0443189374, 0443189382, 9780443189388, 978-0443189388, B0C4DYW17G
Supply and Demand Management in
Ride-Sourcing Markets offers a fundamental modeling framework for
characterizing ride-sourcing markets by spelling out the complex
relationships among key endogenous and exogenous variables in the
markets. This book establishes several economic models that can
approximate matching frictions between drivers and passengers, describes
the equilibrium state of ride-sourcing markets, and more. Based on
these models, the book develops an optimum strategy (in terms of trip
fare, wage and/or matching) that maximizes platform profit. While the
best social optimum solution (for maximizing the social welfare) is
generally unsustainable, this book provides options governments can use
to encourage second-best solutions.
In addition, the book's authors
establish models to analyze ride-pooling services, with traffic
congestion externalities incorporated into models to see how both new
platforms and government designs can optimize operating strategies in
response to the level of traffic congestion.
- Serves as a foundation for subsequent research studies that investigate ride-sourcing services through mathematical modeling
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Offers valuable managerial insights for ride-sourcing platforms and
helps them develop more efficient and effective operating strategies
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Assists the governments or social planners in designing appropriate
regulatory schemes to achieve more sustainable and societally beneficial
market outcomes
