Related papers: Price Cycles in Ridesharing Platforms
This paper provides efficient solutions to maximize profit for commercial ridesharing services, under a pricing model with detour-based discounts for passengers. We propose greedy heuristics for real-time ride matching that offer different…
Ubiquitous mobile computing have enabled ride-hailing services to collect vast amounts of behavioral data of riders and drivers and optimize supply and demand matching in real time. While these mobility service providers have some degree of…
Rideshare and ride-pooling platforms use artificial intelligence-based matching algorithms to pair riders and drivers. However, these platforms can induce inequality either through an unequal income distribution or disparate treatment of…
We study the equilibrium behavior in a multi-commodity selfish routing game with many types of uncertain users where each user over- or under-estimates their congestion costs by a multiplicative factor. Surprisingly, we find that…
Mobility-on-Demand platforms are a fast growing component of the urban transit ecosystem. Though a growing literature addresses the question of how to make individual MoD platforms more efficient, much less is known about the cost of market…
We introduce an improved algorithm for the dynamic taxi sharing problem, i.e. a dispatcher that schedules a fleet of shared taxis as it is used by services like UberXShare and Lyft Shared. We speed up the basic online algorithm that looks…
To enhance the service quality of bikesharing programs, bike fleet relocation is widely applied to redistribute bikes from bike sufficient areas to bike shortage areas thereby making a better bike-rider balance across different areas. In…
Vehicle (bike or car) sharing represents an emerging transportation scheme which may comprise an important link in the green mobility chain of smart city environments. This chapter offers a comprehensive review of algorithmic approaches for…
Ride-pooling systems, despite being an appealing urban mobility mode, still struggle to gain momentum. While we know the significance of critical mass in reaching system sustainability, less is known about the spatiotemporal patterns of…
We model real-world data markets, where sellers post fixed prices and buyers are free to purchase from any set of sellers, as a simultaneous game. A key component here is the negative externality buyers induce on one another due to data…
Ridesourcing platforms recently introduced the ``schedule a ride'' service where passengers may reserve (book-ahead) a ride in advance of their trip. Reservations give platforms precise information that describes the start time and location…
There has been substantial recent concern that pricing algorithms might learn to ``collude.'' Supra-competitive prices can emerge as a Nash equilibrium of repeated pricing games, in which sellers play strategies which threaten to punish…
In a traffic network, vehicles normally select their routes selfishly. Consequently, traffic networks normally operate at an equilibrium characterized by Wardrop conditions. However, it is well known that equilibria are inefficient in…
We study equilibria in an Electric Vehicle (EV) charging game, a cost minimization game inherent to decentralized charging control strategy for EV power demand management. In our model, each user optimizes its total cost which is sum of…
This paper investigates the efficiency loss in social cost caused by strategic bidding behavior of individual participants in a supply-demand balancing market, and proposes a mechanism to fully recover equilibrium social optimum via…
We study Nash equilibria for inventory-averse high-frequency traders (HFTs), who trade to exploit information about future price changes. For discrete trading rounds, the HFTs' optimal trading strategies and their equilibrium price impact…
A case study of the Singapore road network provides empirical evidence that road pricing can significantly affect commuter trip timing behaviors. In this paper, we propose a model of trip timing decisions that reasonably matches the…
Ride-pooling, to gain momentum, needs to be attractive for all the parties involved. This includes also drivers, who are naturally reluctant to serve pooled rides. This can be controlled by the platform's pricing strategy, which can…
On-demand trip sharing is an efficient solution to mitigate the negative impact e-hailing has on congestion. It motivates platform operators to reduce their fleet size, and serves the same demand level with a lower effective distance…
Recent years have witnessed the rise of many successful e-commerce marketplace platforms like the Amazon marketplace, AirBnB, Uber/Lyft, and Upwork, where a central platform mediates economic transactions between buyers and sellers.…