Binding: Paperback
Description: 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.
Title: Supply And Demand Management In Ride - Sourcing Markets
Author(s): Yin Yafeng (Professor At Department Of Civil And Environmental Engineering University Of Michigan Ann Arbor.)
Publisher: Elsevier - Health Sciences Division
Barcode: 9780443189371
Pages: 404 Pages
Publication Date: 5/12/2023
Category: Transport Industries