Analyzing Ride-Sourcing Market Equilibrium and Its Transitions with Heterogeneous Users
With the justification of a comprehensive matching function approach, this study analyzes the ride-sourcing market with heterogeneous users. A single origin-destination (O-D) ride-sourcing market model is first developed. The model fills the major research gap to extend general user heterogeneity mo...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2022-01-01
|
| Series: | Journal of Advanced Transportation |
| Online Access: | http://dx.doi.org/10.1155/2022/5894250 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832554822106087424 |
|---|---|
| author | Junlin Zhang Dong Mo Xiqun (Michael) Chen |
| author_facet | Junlin Zhang Dong Mo Xiqun (Michael) Chen |
| author_sort | Junlin Zhang |
| collection | DOAJ |
| description | With the justification of a comprehensive matching function approach, this study analyzes the ride-sourcing market with heterogeneous users. A single origin-destination (O-D) ride-sourcing market model is first developed. The model fills the major research gap to extend general user heterogeneity modeling from the transit market to the two-sided ride-sourcing market. Sufficient conditions that guarantee a unique market equilibrium are given. Equilibrium market operation with a profit-maximizing platform is explored. Equilibrium transitions with respect to the changes in different exogenous market variables are investigated. Nonequilibrium modeling to understand the transition path is also analyzed, revealing how the detailed transition evolves. Extensions of the single O-D market model to aggregate and disaggregate markets and incorporation of travel time reliability are briefly discussed. Numerical experiments, which are based on real-world data in the city of Ningbo, China, and cover an aggregate/single O-D base case, sensitivity analysis, equilibrium transitions, and disaggregate market equilibrium, are presented to illustrate the theoretical model. The larger network of Sioux Falls is also tested as a demonstration of the disaggregate market equilibrium. Discussions are made regarding operation and policy implications. |
| format | Article |
| id | doaj-art-16db5e36ba12476780a7d10ad62b1210 |
| institution | Kabale University |
| issn | 2042-3195 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Journal of Advanced Transportation |
| spelling | doaj-art-16db5e36ba12476780a7d10ad62b12102025-02-03T05:50:18ZengWileyJournal of Advanced Transportation2042-31952022-01-01202210.1155/2022/5894250Analyzing Ride-Sourcing Market Equilibrium and Its Transitions with Heterogeneous UsersJunlin Zhang0Dong Mo1Xiqun (Michael) Chen2College of Civil Engineering and ArchitectureCollege of Civil Engineering and ArchitectureCollege of Civil Engineering and ArchitectureWith the justification of a comprehensive matching function approach, this study analyzes the ride-sourcing market with heterogeneous users. A single origin-destination (O-D) ride-sourcing market model is first developed. The model fills the major research gap to extend general user heterogeneity modeling from the transit market to the two-sided ride-sourcing market. Sufficient conditions that guarantee a unique market equilibrium are given. Equilibrium market operation with a profit-maximizing platform is explored. Equilibrium transitions with respect to the changes in different exogenous market variables are investigated. Nonequilibrium modeling to understand the transition path is also analyzed, revealing how the detailed transition evolves. Extensions of the single O-D market model to aggregate and disaggregate markets and incorporation of travel time reliability are briefly discussed. Numerical experiments, which are based on real-world data in the city of Ningbo, China, and cover an aggregate/single O-D base case, sensitivity analysis, equilibrium transitions, and disaggregate market equilibrium, are presented to illustrate the theoretical model. The larger network of Sioux Falls is also tested as a demonstration of the disaggregate market equilibrium. Discussions are made regarding operation and policy implications.http://dx.doi.org/10.1155/2022/5894250 |
| spellingShingle | Junlin Zhang Dong Mo Xiqun (Michael) Chen Analyzing Ride-Sourcing Market Equilibrium and Its Transitions with Heterogeneous Users Journal of Advanced Transportation |
| title | Analyzing Ride-Sourcing Market Equilibrium and Its Transitions with Heterogeneous Users |
| title_full | Analyzing Ride-Sourcing Market Equilibrium and Its Transitions with Heterogeneous Users |
| title_fullStr | Analyzing Ride-Sourcing Market Equilibrium and Its Transitions with Heterogeneous Users |
| title_full_unstemmed | Analyzing Ride-Sourcing Market Equilibrium and Its Transitions with Heterogeneous Users |
| title_short | Analyzing Ride-Sourcing Market Equilibrium and Its Transitions with Heterogeneous Users |
| title_sort | analyzing ride sourcing market equilibrium and its transitions with heterogeneous users |
| url | http://dx.doi.org/10.1155/2022/5894250 |
| work_keys_str_mv | AT junlinzhang analyzingridesourcingmarketequilibriumanditstransitionswithheterogeneoususers AT dongmo analyzingridesourcingmarketequilibriumanditstransitionswithheterogeneoususers AT xiqunmichaelchen analyzingridesourcingmarketequilibriumanditstransitionswithheterogeneoususers |