Supply and Demand Management in Ride-Sourcing Markets

Supply and Demand Management in Ride-Sourcing Markets provides a framework for modeling ride-sourcing markets, approximating matching frictions, and developing an optimum strategy to maximize platform profit. It also analyzes ride-pooling services with traffic congestion externalities.

Format: Paperback / softback
Length: 404 pages
Publication date: 01 May 2023
Publisher: Elsevier - Health Sciences Division

Ride-sourcing markets are characterized by a complex web of endogenous and exogenous variables, making it challenging to understand their dynamics. Supply and Demand Management in Ride-Sourcing Markets provides a comprehensive modeling framework that sheds light on these relationships. This book offers a range of economic models that can approximate matching frictions between drivers and passengers, describe the equilibrium state of ride-sourcing markets, and more.

By leveraging these models, the book develops an optimum strategy that maximizes platform profit. While the best social optimum solution may be unsustainable, the book provides options for governments to encourage second-best solutions. Additionally, the authors establish models to analyze ride-pooling services, incorporating traffic congestion externalities to optimize operating strategies in response to varying levels of traffic congestion.

This book is a valuable resource for researchers, policymakers, and industry professionals seeking to gain a deeper understanding of ride-sourcing markets and develop effective strategies for optimizing their operations.

Weight: 450g
Dimension: 229 x 152 (mm)
ISBN-13: 9780443189371